Dunzo Logo (Photo | PTI) 
Business

Dunzo delays payment of Nov salaries 

The start-up has previously delayed salaries multiple times this year. In October, Dunzo’s co-founder Dalvir Suri quit the start-up, which is also undergoing an organisation-wide restructuring.

Express News Service

BENGALURU:  Hyperlocal delivery platform Dunzo has not paid November salaries to its employees due to a severe financial crisis. Reliance Retail and Google-backed Dunzo is awaiting an infusion of funds from investors, and according to reports, the company told employees that they are expecting funds soon and after that they would be able to pay the November salaries.

The start-up has previously delayed salaries multiple times this year. In October, Dunzo’s co-founder Dalvir Suri quit the start-up, which is also undergoing an organisation-wide restructuring. Dunzo CEO and Founder Kabeer Biswas had said that the company is making organisation-wide changes in restructuring its business. In its third round of layoffs, in July, it fired about 200 employees.

Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him

Sharad Pawar faces internal revolt over possible NCP merger with BJP-led NDA

Agri sector grew over 4% annually for first time since Independence; 50 cr people overcome poverty: PM Modi

Nvidia CEO Jensen Huang resigns amid affair, China spy allegations; CFO Colette Kress named interim chief

Owaisi backs Chandrashekhar Azad for UP chief minister's post, vows to stop BJP's third term