Dunzo, a hyperlocal delivery startup in India, is postponing employee salaries for a month and plans a new wave of layoff as the Google and Reliance Retail-backed startup pares its expenses amid aggressive hunt for new funding.
The Bengaluru-headquartered startup, which partially deferred making payroll for last month until this week, said Wednesday that it will not be able to pay the remainder of their salaries until early September and is delaying the August salary for all employees to September 4 as well. Later in the day, Dunzo executives informed employees that they will be cutting more jobs — likely over 200 — in what will be its th …
