What happened to Dunzo?

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Dunzo, the Reliance Retail-backed quick delivery company, let go off 75% of its workforce in fresh round of layoffs earlier this week.

But for the longest time, Dunzo has been an anomaly. Its a small company that has managed to make its name a verb. Like Google but Google is a giant. Its revenue was just $7 million dollars in the year that ended in 2022. For perspective, Zomato made more than 70 times that amount in the same period, But it did not matter. Because it changed our lives and it became the kind of consumer brand that tech companies who do anything for.

To understand the unravelling of Dunzo, we need to go back to two years ago when Dunzo was on a high.

Tune in.

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Daybreak
Episode 308
September 4, 2024