Reliance Officially Writes Off $200 Million Investment in Dunzo — Quick Commerce Giant Collapses!
In a stunning blow to India’s startup ecosystem, Reliance Industries has officially written off its entire Rs 1,645 crore ($200 million) investment in Dunzo, the once-promising quick commerce platform.
Reliance Retail Ventures, which had acquired a 25.8% stake in early 2022, has now accepted a…
Reliance Retail Just Wrote Off INR 1,645 Cr in Dunzo – Here’s What Went Wrong
In a stunning move, Reliance Retail has officially written off its entire INR 1,645 crore investment in struggling quick-commerce startup Dunzo. Just a year ago, those 78,923 equity shares were internally valued at over a thousand crores. Today? Worthless.
It’s a dramatic fall for a company once seen as the future…
