Dunzo faces severe cash-crunch amid acquisition rumours; delays 50% salary of workers [details]

Homegrown quick-grocery supply supplier Dunzo has delayed 50 per cent salary of some workers, media stories stated.

According to Business Today, citing sources, salary cuts have been made for workers within the supervisor and above grade ranges.

“All workers supervisor grade and above have solely obtained 50 per cent of the salary of June. Rest firm says they’ll pay it later,” the supply was quoted as saying. According to stories, Reliance Retail, one of the key stakeholders, isn’t prepared to speculate extra funds into the startup.

“We have been knowledgeable that we’d get the remainder of the salary between July 15 to 25. There are rumours of restructuring amid a money crunch,” one other worker working on the firm confirmed.

It has additionally been reproted that Dunzo is in talks with PhonePe and Paytm for acquisition, the place it might assist their ONDC backend supply logistics. An official assertion is awaited within the matter.

In April, Dunzo laid off at the very least 30 per cent of its workforce, almost 300 workers, after it raised $75 million in a contemporary funding spherical.

The firm additionally laid off 3 per cent of its workforce in January amid cost-cutting measures, as the corporate checked out crew constructions and community design to construct effectivity in its groups.

According to the ‘Fairwork India Ratings 2022 Report, on the subject of honest work for gig workers among the many digital platform financial system in India, Dunzo together with Ola and Uber have been the worst performers throughout parameters associated to the working circumstances of gig workers.

(With inputs from IANS)