It is to be noted that Dunzo is backed by Google and Mukesh Ambani’s Reliance Retail. Mukesh Ambani’s daughter Isha Ambani is leading Reliance Retail. It may be recalled that Dunzo succeeded in securing USD 75 million funding round in April with investments from Reliance Retail and Google. Few days after securing the funds, Dunzo sacked 30 percent of its employees which was about 300 employees. Mukesh Ambani’s Reliance Retail has 25.8 percent stake in Dunzo and it is the largest investor in the company.

Source: dna July 11, 2023 07:21 UTC