Share via:
Reliance Industries has officially written off its entire Rs 1,645 crore (approximately $200 million) investment in Dunzo. The investment, made by Reliance Retail Ventures in early 2022, gave it a 25.8% stake in the now-defunct quick commerce platform.
The write-off comes as Dunzo’s operations collapsed. On January 13, 2025, its app and website went offline after the exit of its last remaining co-founder and CEO, Kabeer Biswas, who…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Reliance Industries has officially written off its entire Rs 1,645 crore (approximately $200 million) investment in Dunzo. The investment, made by Reliance Retail Ventures in early 2022, gave it a 25.8% stake in the now-defunct quick commerce platform.
The write-off comes as Dunzo’s operations collapsed. On January 13, 2025, its app and website went offline after the exit of its last remaining co-founder and CEO, Kabeer Biswas, who…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi
