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Sources: Reliance writes off its $200M investment in Bengaluru-based hyperlocal delivery startup Dunzo, as CEO Kabeer Biswas looks to sell Dunzo for $25M-$30M

SUMMARY  —  Dunzo cofounder and CEO Kabeer Biswas as per our sources is leading talks with high net worth individuals and family offices for an acquisition deal

Inc42 Bismah Malik

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Discussion

  • @louisgray Louis Gray on bluesky
    With a name like Dunzo, I don't know what anybody expected.  [embedded post]
  • @peeleraja @peeleraja on x
    Dunzo was a great service. Sadly they scaled up too much and it was never going to be profitable. Sigh.
  • @beastoftraal Karthik on x
    Would we even remember Dunzo after 5-10 years? I had to send something across town yesterday and my first thought was ‘Dunzo’! But then I remembered that the company has folded and opened the Porter app to perform the same function. From 2014 to 2024, under 10 years, Dunzo: - [im…
  • @bismahmalik Bismah Malik on x
    🚨#Exclusive : Reliance Retail writes off its biggest startup investment- $200 Mn investment in Dunzo ; Kabeer Biswas in talks with HNIs , family offices for a potential buyout . Our report https://inc42.com/...