WhatsApp is one probably the most used messaging platforms on this planet and hundreds of thousands of customers get admission to the Meta-owned app for day after day communique. Although WhatsApp was once first of all introduced simply as a messaging platform, it advanced to one thing a lot larger additional time. While a couple of use WhatsApp to reachout to other people, a gaggle of other people used the platform to begin an organization that was once closing valued at over ₹6200 crore. Currently within the information for firing 150 staff and dealing with simply 50 staff within the core staff, the corporate that we’re speaking about is Dunzo. For those that are unaware, Dunzo is a handy guide a rough grocery supply platform this is recently functioning in main Indian towns. Cash-strapped Dunzo is suffering with mounting liabilities and past due salaries.
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How a WhatsApp staff changed into a ₹6200 crore Dunzo
Kabeer Biswas, along Ankur Agarwal, Dalvir Suri, and Mukund Jha, introduced Dunzo all over his transfer to Bengaluru following the purchase of his first startup, Hoppr, via Hike. This transition supplied Kabeer with a spice up to additional his entrepreneurial ambitions. Originally a pc science engineer, Kabeer explored his pursuits thru paintings in a plastic manufacturing facility in Silvassa prior to deciding to pursue an MBA. He honed his trade acumen with Airtel, that specialize in gross sales and customer support.
Dunzo first of all supplied grocery, very important provides, and different deliveries smartly prior to the emergence of competition like Blinkit and Swiggy Instamart. It started as a WhatsApp staff the place consumers may position their orders. Through stable enlargement and funding, Dunzo advanced a devoted app and expanded into further towns.
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Mukesh Ambani’s Reliance Retail were given within the emerging startup and ended up making an investment USD 200 million ( ₹1600 crore). The funding took the valuation of Dunzo to over USD 775 million (over ₹6200 crore), in keeping with The Times of India. However, the corporate has been underneath disaster for rather a very long time now. It has not on time their worker’s salaries more than one instances during the last 12 months and posted a lack of ₹1,800 crore in FY23, a 288 % building up from the former 12 months.
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Source: tech.hindustantimes.com
