Dunzo says will hit profitability in 12 months, has reduced costs

Dunzo, the on-demand delivery platform, said on Wednesday its business burn is neutral after cost cuts and it will achieve “corporate-level profitability” in 12 months.

“There’s a lot to be excited about – from our growing presence on the ONDC network, our strong logistics business, to the new avatar of Dunzo Daily,” said the company in a statement, referring to the open e-commerce network launched by the government and the company’s store network. “We aim to hit corporate-level profitability in 12 months.”