Dunzo is in talks to raise new funding but faces disagreement among shareholders on valuation
Zee Business Video Team | Updated: August 22, 2023 04:45 PM IST
Dunzo, the quick commerce startup, faces a hurdle in raising funds as shareholders clash over valuation. Reliance Retail, holding a 26% stake, opposes a nearly 50% valuation reduction as its $200-million investment in January 2022 could face erosion. Dunzo's struggle in the consumer market has led to its valuation decline.
