Dunzo to undertake fresh round of layoffs; looks at raising $25-30 million from existing investors

Cash strapped quick commerce company, Dunzo, is undertaking a fresh round of layoffs through which it wants to reduce its workforce by around 30-40%, a section of the employees who have received intimation to this effect told Fe. It has already sacked close to 400 employees so far this year in two rounds. The company is also in advanced stages to close a $25-30 million funding round, in which its key investors Reliance Retail, Googel, and Lightrock are expected to participate. However, the valuation is still not decided.