Kabeer Biswas, cofounder and CEO Dunzo has reportedly resigned from the cash-strapped company
Reportedly, the cofounder has “discussed” quitting the company with investors, a final decision is yet to be made
If Biswas quits, he would become the latest cofounder to exit the company
Kabeer Biswas, cofounder and CEO of Reliance Retail-backed hyperlocal delivery startup Dunzo, has reportedly resigned from the cash-strapped company.
“Biswas has resigned from the company and his resignation has been accepted, a formal announcement can be expected over the coming days,” Moneycontrol reported, quoting a source.
Biswas declined to comment on Inc42’s queries on the development.
Meanwhile, a report by Economic Times said that while the cofounder has “discussed” quitting the company with investors, a final decision is yet to be made.
The development comes at a time when Dunzo
is mired in a range of troubles – a severe cash crunch, layoffs, and bankruptcy petitions.
Founded in 2015 by Kabeer Biswas, Dalvir Suri, Mukund Jha, and Ankur Aggarwal, Dunzo connects consumers with nearby stores and facilitates deliveries of products including groceries, medicines, and food, among other daily needs.
Notably, Jha, Aggarwal and Suri have already resigned earlier. Earlier this year, it was also reported that the Bengaluru-based startup laid off 150 employees across supply and market verticals to cut costs.
(The story will be updated soon.)
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