Dunzo Co-Founder Dalvir Suri announces resignation

Publisher : Business Upturn
Published on 2023-10-03 04:55:04 PMViews Icon1 views

Dalvir Suri, co-founder of the renowned delivery service Dunzo, has announced his resignation from the company. This unexpected departure comes at a time when Dunzo is reportedly facing financial difficulties.

Suri, who has been a pivotal figure in Dunzo’s growth and success over the past six years, was leading the company’s B2B vertical, Dunzo Merchant Services (DMS). His exit is seen as a significant blow to the company, which is already grappling with challenges related to funding. The company has been in the news recently due to delayed salaries and impending layoffs. It has assured its employees that their dues would be cleared soon. However, the exact timeline remains uncertain.

Dunzo has also announced a company-wide restructuring. The specifics of this restructuring are yet to be disclosed. Despite these challenges, Dunzo is reportedly in advanced talks for a funding round that could see Reliance Retail increasing its stake in the firm. The departure of a co-founder often signals a pivotal moment for any startup. It remains to be seen how Dunzo navigates through this challenging phase.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Khabriya. Publisher: Business Upturn

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