Reliance Retail and Google-backed logistics and delivery platform Dunzo has deferred payment of the June salaries to about 500 employees, according to sources.
Dunzo's top management is expected to be most impacted by the decision, sources said.
The development comes after Dunzo raised $75 million in April, and fired about 400 employees in the first half of this year as part of cost-cutting measures. The company at present has around 1,000 employees.
Dunzo has raised $457.6 million in 19 rounds of funding, according to Crunchbase data.
Reliance Retail holds around 25% and Google has a 20% stake in Dunzo, while there are 33 other investors, the data showed.
Dunzo has expanded business as a logistics aggregator and roping in delivery partners on a need basis rather than relying on 'dark stores' or in-house item storing.
RECOMMENDED FOR YOU
Jindal Steel Q1 Results: Company Swings Back To Profit
Aug 12, 2025
It's Official: Reliance's Rs 1,645-Crore Stake In Dunzo Is Now Worth Nothing
Aug 07, 2025
Reliance Industries Q1 Review: Most Analysts Retain 'Buy' — Check Price Target Changes
Jul 21, 2025
US Retail Sales Surge In Broad Advance, Topping Estimates
Jul 17, 2025
POPULAR