Dunzo’s scale of operations severely hit amid financial troubles
Bengaluru-based quick commerce startup Dunzo’s scale of operations has fallen to almost one-fifth of the peak it hit last year amid the company’s ongoing financial and legal troubles.
According to a report by Economic Times, the firm’s grocery delivery service Dunzo Daily is recording somewhere between 1 million to 1.5 million monthly transactions. This stands in stark contrast with last year’s numbers when the firm had clocked 5.5 million transactions in June 2022.
The peak in numbers was reportedly due to company’s heavy expenditure on marketing and discounts offered during the T20 cricket tournament Indian Premier League last year. However, this year, the situation tells a different tale.