Reliance-backed delivery firm Dunzo to restructure, co-founder quits

Indian on-demand delivery platform Dunzo said on Monday that one of its four co-founders, Dalvir Suri, would leave and the cash-strapped, Reliance Industries-backed startup also announced an organisation-wide restructuring from this quarter.

Dunzo has been struggling to strike a funding deal in the past few months and has announced at least three rounds of layoffs, deferred or reduced salaries for some employees as well as reduced 50 per cent of its dark stores.

The company’s statement did not give further details on the restructuring. Dunzo will give employees details later this week, financial news website Moneycontrol reported. Dunzo did not immediately respond to a Reuters email seeking comment.