How Dunzo emptied its cart – Desertion by Google, Reliance Retail was final blow

It once became a verb synonymous with convenient hyperlocal delivery in India. The reason was simple: In 2016, Dunzo tapped into a nascent demand for efficient and fast delivery of grocery, food, medicine, etc, and boasted millions of users and a billion-dollar valuation within a short span of time.

The world has come crashing down since then. Last week, Dunzo, founded by Kabeer Biswas, Ankur Agarwal, Dalvir Suri and Mukund Jha, sacked 150 staff, leaving it with just 50 employees and a balance sheet awash in red.