Dunzo has delayed their employee’s salaries multiple times over the past year. It has posted a loss of Rs 1,800 crore in FY23, a 288 per cent increase from the previous year.
The company’s overall cost went up by 3.86 times to Rs 2,054 crore in FY23 from Rs 532 crore in FY22, which was largely led by a jump in advertising spending.
Mukesh Ambani backed company we are talking about is the cash-strapped quick-grocery delivery provider Dunzo. As per a report by Moneycontrol, Dunzo’s head of finance Sudarshan N. has left the company.
Reliance Industries-backed startup Dunzo, in the midst of facing constant losses, is facing another controversy as co-founder Dalvir Suri has announced his exit from the firm.