Google-backed delivery platform Dunzo has announced the layoff of 3% of its personnel, citing reorganization, joining the long list of Indian businesses that have been reducing their workforces to reduce costs. There are 3,000 employees at Dunzo, according to data found on LinkedIn, therefore the business has let go of about 90 of those workers. The amount of layoffs by the corporation was not made public. Dunzo’s most recent investment round, which was headed by Reliance Retail Ventures Ltd. and included participation from Lightbox and Lightrock, saw Dunzo raise $240 million in January 2022 at a post-money “conservative” valuation of $800 million. In order to fund its rapid commerce company and assist with its expansion aspirations, it was aiming to obtain an additional $250 million to $300 million. Dunzo had once anticipated going public in 2023, but is now giving itself a little more time to build its rapid commerce firm. As many as 17,000 employees may have lost their employment during the previous several months as Indian businesses reduced their workforce in an effort to turn a profit.
