Despite laying off 30% of its workers, Dunzo secures $75 million in funding
Dunzo has announced a 30% reduction in its personnel, which would result in around 300 layoffs.
Over 300 employees would be affected by the layoffs, which are a part of a reorganisation that founder and CEO Kabeer Biswas revealed in a town hall on Wednesday.
During a town hall meeting on April 5, Dunzo informed its employees of the job losses and stated that it was aiming to change its business plan to achieve profitability before the IPO.
Kabeer Biswas CEO, and co-founder of Dunzo, said in a statement at the time that the company was continuously working on redefining business procedures