Dunzo Co-Founder Dalvir Suri Departs Amid Company-Wide Restructuring

Dalvir Suri, one of the co-founders of the quick commerce company Dunzo, has stepped down from his position due to the company’s financial challenges and recent staff layoffs, according to several individuals who are familiar with the situation. Suri had been leading Dunzo’s business-to-business logistics division known as Dunzo Merchant Services (DMS). Dunzo has officially confirmed Suri’s departure and stated that they are in the process of restructuring the company on a broader scale this quarter.

Dunzo Co-Founder Dalvir Suri

All About the Dalvir Suri Department from Dunzo

Kabeer Biswas, the CEO and Founder of Dunzo acknowledged Suri’s significant contributions to the company, noting that he played a crucial role in launching various new business lines at Dunzo. Biswas mentioned that Suri had been considering taking a break for some time, and after dedicating over six years to building Dunzo, he is now planning to explore new opportunities.

In recent periods, DMS has become a vital component of Dunzo’s business model, particularly as the profitability of the quick commerce segment has been challenging, leading to downsizing efforts in this capital-intensive area. Sources indicate that the B2B division has been collaborating with approximately 30,000 merchants each month, with a logistics network consisting of roughly 70,000 to 75,000 delivery partners, handling approximately one million orders monthly. DMS operates in major cities, including Bangalore, Mumbai, Chennai, Hyderabad, Pune, Delhi-NCR, and Kolkata.

- Advertisement -TechnoSports Ad
image 47 Dunzo Co-Founder Dalvir Suri Departs Amid Company-Wide Restructuring

Biswas mentioned, “We are implementing some organizational changes to restructure our business starting this quarter, and the capable leadership within the DMS business will take over from Suri.”

Recently, Business Today reported that Dunzo is planning a new round of layoffs to reduce expenses. The company has informed its employees that they will receive their final settlements in January. Earlier in the year, following a $75 million funding round, the company, which is backed by Reliance and Google, laid off 30 percent of its workforce. Additionally, the company’s management decided to shut down 50 percent of its dark stores across the country as part of a pivot in its business model.

image 48 Dunzo Co-Founder Dalvir Suri Departs Amid Company-Wide Restructuring

Meanwhile, Dunzo is in discussions with both new and existing investors to secure a $30 million funding round, which is seen as a lifeline for the company. Sources indicate that Reliance Retail and Google, its primary backers, are likely to participate in this funding round. Reliance Retail holds the largest stake in Dunzo at 25.8 percent, while Google is the second-largest shareholder with around 19 percent.

According to Ministry of Corporate Affairs filings, in the fiscal year 2022, Dunzo reported a total revenue of ₹67.7 crore, while its expenses amounted to ₹531.7 crore. Operating revenue stood at ₹54.3 crore, and the company reported a consolidated loss of Rs 464 crore. According to data from Tracxn, Dunzo has raised nearly $500 million from investors including Reliance Retail, Google India, Lightrock, Lightbox, Blume Ventures, and others.

- Advertisement -Follow-Google-News


5 Best Game Controllers For Mobile To Buy In India

Do you know you need the best game controllers...

The Top 10 Most Streamed Movies of 2023 in India

The year 2023 is going to end in two...

Shohei Ohtani signs $700 million contract with LA Dodgers to become the richest MLB player in history

Shohei Ohtani has now become the highest paid player...

Don't miss

The Sleep Company [CPS] IN



Airtel Unveils ₹1,499 Plan with Netflix, Jio Launches ₹909 Plan with SonyLIV

Reliance Jio has recently introduced a brand recharge plan priced at ₹909 offering a wide range of benefits, for a duration of 84 days....

Best Ways to Download Instagram Reels as of December 11, 2023

Best Ways to Download Instagram Reels in 2023 - A Complete Guide Do you enjoy watching Instagram Reels? There are times when you find a...

Happiest Travel Destinations in the World in 2023 (11th December)

Happiest Travel Destinations in the World as of 2023 Travelling makes everyone happy! It's like a special adventure that gives you joy amazing experiences, and...


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.