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Chintan Udani

I'm a pro medialist • 2m

Dunzo, a Bengaluru-based hyperlocal delivery startup founded in 2014, has been pivotal in India's quick commerce sector, offering on-demand delivery services for groceries, medicines, and other essentials. The company secured significant investments from major entities, including Google and Reliance Retail, the latter acquiring a 25.8% stake in January 2022. Despite a valuation of $744 million in 2022, Dunzo is currently facing financial challenges, with debts and liabilities around ₹600 crore. Reports suggest the company is seeking a distress sale to address these issues. The quick commerce sector in India has grown rapidly, becoming a $3 billion market in 2023 and projected to reach $40 billion by the end of the decade. However, intense competition from players like Blinkit, Swiggy, and Zepto has made sustainability challenging. Dunzo is now to be sold! what do you think, Will dunzo survive this economic crisis?

Yes

Votes: 38

0 replies10 likes

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