- Faced with a severe cash crunch, quick-commerce startup Dunzo delays employee salaries and prepares to renegotiate a valuation with its investors.
- CEO Kabeer Biswas anticipates clearing the pending August salaries by the next week and securing additional funding in the coming weeks.
- Dunzo, valued at $800 million in its last round, may downsize its office space in Bengaluru and has recently let go of 500 employees to mitigate costs.
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