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While a few of the existing investors have committed around $10-15 million in capital at the reduced valuation, the companys board is yet to clear the proposal.
Quick commerce startup Dunzo has experienced several board of directors exits over the past two months, reportedly due to cash-flow issues and pending dues. The exits are said to be temporary, with board members potentially returning after a planned funding round and dues are resolved.
Beleaguered quick commerce startup Dunzo, which has been scrambling to lock in some desperately-needed funding, has seen five exits from its board of directors over the past two months.