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New Delhi, Homegrown quick-grocery delivery provider <keyword id="3275685" type="General" weightage="20" keywordseo="Dunzo" source="Orion">Dunzo</keyword>, set to raise $35 million in funding from existing backers like Reliance Industries and Google as well as new investors, is reportedly laying off at least "150-200" more employees amid severe cash crunch. According to multiple reports, Dunzo is likely to trim its workforce further by around 30-40 per cent. The company has reportedly informed impacted employees that they would receive their full and final settlements in January. The employees were officially informed of the latest layoffs in a short meeting. The startup has already sacked nearly 400 employees so far this year in two job cut rounds. Earlier this month, Dunzo further delayed the salaries of its employees for the months of June and July, this time to November, amid an ongoing fund crunch. The startup may also vacate its office in Bengaluru to cut costs, according to its co-founder and CEO, Kabeer Biswas. Biswas reportedly told employees that their pending payouts for June and July will now be cleared in November. Dunzo earlier delayed salaries to the first week of October after being unable to raise funds. It had also promised employees to pay an interest of 12 per cent per annum on the salary component that it held back from June. The company has raised nearly $500 million to date, with approximately $300 million coming in since early 2022.

Dunzo laying off 150-200 more employees amid fresh funding news: Reports

New Delhi, Homegrown quick-grocery delivery provider <keyword id="3275685" type="General" weightage="100" keywordseo="dunzo" source="Orion">Dunzo</keyword> has laid off at least 30 per cent of its <keyword id="52626" type="General" weightage="20" keywordseo="workforce" source="Orion">workforce</keyword>, nearly 300 employees, after it raised $75 million in a fresh funding round. According to sources, Kabeer Biswas, Dunzo Founder and CEO, told employees in a town-hall meeting about the latest round of <keyword id="6357067" type="General" weightage="80" keywordseo="layoffs" source="Orion">layoffs</keyword>. When reached, Dunzo did not immediately comment. The Economic Times was first to report about the development. In January, Dunzo had laid off 3 per cent of its workforce amid cost-cutting measures, as the company looked at team structures and network design to build efficiency into its teams. The quick commerce platform will also shut down 50 per cent of its dark stores, and will now join supermarkets and other merchants. <keyword id="35621" type="General" weightage="20" keywordseo="e-commerce" source="Orion">E-commerce</keyword> player Dunzo in January 2022 raised $240 million to expand its footprint in India. The freshly-raised funds were to be used in enabling instant delivery of essentials from a network of micro warehouses while also expanding its 'B2B' business vertical to enable logistics for the local merchants. The investment was led by Reliance Retail Ventures, with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital.

Quick commerce platform Dunzo lays off 30% of its workforce

New Delhi, Homegrown quick-grocery delivery provider <keyword id="3275685" type="General" weightage="80" keywordseo="dunzo" source="Orion">Dunzo</keyword> will be raising $35 million in funding from existing backers like <keyword id="6355199" type="General" weightage="50" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> and <keyword id="6355629" type="General" weightage="100" keywordseo="google" source="Orion">Google</keyword> as well as new investors following salary delays, media report said. According to The Arc, citing sources, the exact terms of the new financing, including valuation, could not be determined immediately, but Dunzo's value is likely to fall below $800 million. The company has raised nearly $500 million to date, with approximately $300 million coming in since early 2022. According to the report, the company is hoping to avoid a cash crunch. Since June, it has failed to pay staff salaries on time and has also failed to pay vendor bills. There have also been layoffs and a business restructuring. If the new round closes this week, the company will be able to pay employees and, to some extent, streamline cash flow and operations, the report said. Earlier this month, Dunzo further delayed the salaries of its employees for the months of June and July, this time to November, amid an ongoing fund crunch. The startup may also vacate its office in Bengaluru to cut costs, according to its co-founder and CEO, Kabeer Biswas. Biswas reportedly told employees that their pending payouts for June and July will now be cleared in November. Dunzo earlier delayed salaries to the first week of October after being unable to raise funds. It had also promised employees to pay an interest of 12 per cent per annum on the salary component that it held back from June.

Dunzo to raise $35 million from Reliance, Google following salary delays, says media report

India’s tech hub sees most layoffs along with sharpest dip in hiring

More than 1,600 tech employees are being laid off per day on average in 2023 globally including in India, and the sacking episodes have gained speed amid <keyword id="16083439" type="General" weightage="20" keywordseo="global-economic-meltdown-and-recession-fears" source="Orion">global economic meltdown and recession fears</keyword>. In 2022, over 1,000 companies laid off 154,336 workers, as per the data from layoffs <keyword id="16083440" type="General" weightage="20" keywordseo="tracking-site-layoffs-fyi-" source="Orion">tracking site Layoffs.fyi.</keyword> The <keyword id="16083430" type="General" weightage="20" keywordseo="mass-tech-layoffs" source="Orion">mass tech layoffs</keyword> of 2022 are continuing into the new year, and Indian companies and startups are among the leaders in firing staff. Homegrown social media company ShareChat (Mohalla Tech Pvt Ltd) laid off 20 per cent of its workforce due to uncertain market conditions, affecting more than 500 employees. Backed by Twitter, Google, Snap and Tiger Global, ShareChat has about 2,300 employees. In December 2022, ShareChat laid off less than 5 per cent of its employees after it shut down its fantasy sports platform called Jeet11. Companies like Ola (which fired 200 employees) and voice automated startup Skit.ai also dominated the headlines for laying off employees this month. Homegrown quick-grocery delivery provider Dunzo has laid off 3 per cent of its workforce amid cost-cutting measures. The year 2023 has begun on a bad note for tech workers globally and 91 companies have laid off more than 24,000 tech employees in the first 15 days this month, signalling worse days ahead. Amazon announced to lay off 18,000 employees globally, including nearly 1,000 in India. Meanwhile, LinkedIn is full of job hunts, offers of support for laid off friends and colleagues, and advice for coping with career hurdles as several companies trim their workforce to navigate through an uncertain macroeconomic environment. According to market research firm Sensor Tower, the LinkedIn app was downloaded an estimated 58.4 million times in 2022 globally across Google Play Store and Apple App Stores -- up 10 per cent from 2021. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/paytm-payments-bank-gets-final-nod-from-rbi-to-operate-bharat-bill-payment-system-services/articleshow/97032913.cms">Paytm Payments Bank gets final nod from RBI to operate Bharat Bill Payment System services </a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/indian-ceos-see-a-difficult-year-but-most-say-they-wont-go-for-job-or-salary-cuts-pwc-survey/articleshow/97046963.cms">Indian CEOs see a difficult year but most say they won’t go for job or salary cuts: PwC survey</a>

Over 1,600 techies being fired a day on average in January says tracking site Layoffs.fyi

<ul><li>Startups that have secured Series A and Series B funding are well-capitalised and are actively seeking to hire new talent, says a report by FICCI and <keyword id="6439430" type="General" weightage="80" keywordseo="randstad" source="Orion">Randstad</keyword>. </li><li>Approximately 38% indicated that they intend to recruit more junior-level employees, while 27% plan to focus on mid-level hiring. </li><li>The sectors that will be most active will be aerospace &amp; defence, energy, and healthcare startups, which are expected to increase their hiring by over 30%. </li></ul>Even as the <a href="https://www.businessinsider.in/business/startups/news/16-startups-have-laid-off-100-percent-employees-in-2023-so-far-3-of-them-in-india/slidelist/98941663.cms">season of layoffs</a> continues unabated, a survey by industry body FICCI and HR services firm <keyword id="6421932" type="General" weightage="50" keywordseo="randstad-india" source="Orion">Randstad India</keyword> says that early-stage startups are keen on hiring. About 80% of the early-stage startups – those with a current workforce of fewer than 20 employees – are actively seeking to expand their workforce in 2023, the survey said. “Notably, these startups have secured Series A and Series B funding, are well-capitalised, and are actively seeking to hire new talent,” the report said. As many as 300 startups participated in the survey. However, there is another caveat – 92% of the startups surveyed said that their hiring decisions will primarily be driven by new project orders, additional funding raised from investors and expansion strategies. Most of these jobs will be at junior and mid-levels, the study says – approximately 38% indicated that they intend to recruit junior-level employees, while 27% plan to focus on mid-level hiring. The exceptions are agri/agritech and automotive sectors, which will focus more on senior-level C-suite hiring. The sectors that will be most active will be aerospace &amp; defence, energy, and healthcare startups, which are expected to increase their hiring by over 30%. Next come agri/agritech, AI/ML/deeptech, automotive, and e-commerce/delivery services, which are expected to increase hiring by 11-20%. “Every large corporation once started as an early-stage company and navigated its way through several challenges to reach where they are today. The Indian startup ecosystem will be a significant contributor to India’s economic growth over the next few years. These startups will eventually go on to create unique employment opportunities and career paths,” said Viswanath PS, MD &amp; CEO, Randstad India. Most of the surveyed startups (57.76%) are keen on hiring for permanent job roles, while 42% said they were looking to hire temporary and gig workers. Attrition, layoffs &amp; job insecurity Startups have been hit hard by layoffs since the funding winter that set in during the second half of 2022. In the last couple of quarters, funding activity has slowed down by as much as 80%, and startups find their spending power to retain their people severely restrained, the report said. Startups like Byju’s, Udaan, Oyo, Meesho, Swiggy, Dunzo and more have been laying off employees in the last few quarters. On the other hand, startups also face high attrition rates, due to the job insecurity that comes with working in a startup, which has only risen due to large-scale layoffs. According to estimates by Analytics India Attrition Study 2022, high-growth startup companies face a high attrition rate of 43.7 % – which is about 1.7x that of typical organisations – despite better pay packages and growth opportunities. “In our survey, 54.38 % of the startups attributed the high attrition rate to better pay packages by bigger corporates and fear of job security in a startup — besides lack of clarity in career progression clarity and credibility issues,” the FICCI survey said. Startups also face hiring challenges like deficit in requisite skills, mismatches in salary expectations and a reluctance among potential candidates to join a startup due to concerns over risk perception, the survey added. To combat these issues, startups are using employee stock options or ESOPs as a retention tool. And, 41.5% of surveyed startups said they already offer them to their employees. SEE ALSO <a href="https://www.businessinsider.in/careers/news/hiring-outlook-remains-strong-for-blue-collar-jobs-in-manufacturing-and-services-in-q1-2024/articleshow/99060293.cms">Amid layoff doom, hiring outlook remains strong for blue-collar jobs in manufacturing and services: TeamLease</a>

Early-stage startups keen on hiring for mid and junior roles: FICCI-Randstad survey

SaaS platform for online stores <keyword id="1249046" type="General" weightage="100" keywordseo="dukaan" source="Orion">Dukaan</keyword> has laid off nearly 30 per cent of its workforce, or around 60 employees - its second layoff in about six months. Inc42 reported that the latest layoffs impacted employees in the sales team and accounts. According to the report, the retail tech platform "shifted its focus to helping D2C brands scale up and this was the reason for the layoffs". In 2021, Dukaan raised $12.4 Mn in its pre-Series A round led by 640 <keyword id="16813517" type="General" weightage="50" keywordseo="oxford-ventures" source="Orion">Oxford Ventures</keyword>. It also raised $6 million in a seed round from <keyword id="366603" type="General" weightage="50" keywordseo="matrix-partners-india" source="Orion">Matrix Partners India</keyword> and Lightspeed India Partners. In the same year, Dukaan partnered with homegrown hyperlocal delivery platform Dunzo and e-commerce aggregation platform Shiprocket to integrate delivery into the platform for a seamless retail experience. Founded in 2020 by <keyword id="12033809" type="General" weightage="50" keywordseo="suumit-shah" source="Orion">Suumit Shah</keyword> and <keyword id="2201253" type="General" weightage="50" keywordseo="subhash-choudhary" source="Orion">Subhash Choudhary</keyword>, Dukaan is a comprehensive platform that provides end-to-end solutions ranging from inventory management, promotions, sales, payment and delivery for sellers across the country. In September last year, Dukaan partnered ShareChat and Moj to enable the merchants on its platform to collaborate with creators present on ShareChat and Moj to promote their products through video and live content. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/rare-vulture-species-sighted-at-dudhwa-national-park/articleshow/98691284.cms">Rare vulture species sighted at Dudhwa National Park</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/once-again-lemon-prices-soar-to-200-per-kilo/articleshow/98691510.cms">Once again, lemon prices soar to ₹200 per kilo</a>

Retail tech platform Dukaan lays off 30% of its workforce; second layoff in 6 months

<ul><li>Fintech companies like Paytm and PB Fintech have not only reported better than expected earnings but also narrowed their losses significantly.</li><li>While Zomato and Nykaa did not deliver overall improvement in financials, analysts still have high hopes for them.</li><li>Shares of Paytm rose nearly 22% from February 3 when it reported its quarterly earnings.</li><li>Analysts say the long-term growth potential of these companies is huge in spite of the short-term challenges.</li></ul>There’s no end to the woes of new age technology companies. They are in the spotlight yet again, after their mixed performance during the December quarter. Fintech companies like Paytm and PB Fintech have not only reported better than expected earnings but also narrowed their losses significantly. Zomato and Nykaa did not deliver overall improvement in financials, but analysts remain optimistic. Another new age company among talks is hyperlocal delivery startup Dunzo with elevated losses and massive valuation. Billionaire and chairperson of RPG Group highlighted the financials of the company <a href="https://twitter.com/hvgoenka/status/1625843597626183680">in a tweet </a>on February 15. “New age digital stocks are not doing great primarily because the market is not doing great. India is underperforming this year with a negative 2.34 % return YTD while markets like China, HongKong and South Korea are doing very well. When India’s underperformance changes, new age digital companies also will start performing. Some results from this segment are very good like Paytm. Zomato also has done reasonably well, but Nykaa’s results came below expectations,” said Dr V K Vijayakumar, chief investment strategist at Geojit Financial Services. New age technology companies have been under the scanner because of the massive underperformance in their share prices due to elevated valuation. However, analysts believe that the long term bet on these companies is worth it despite several roadblocks. “The long-term growth potential of these companies is huge and, therefore, in spite of the short-term challenges, these stocks have buyers particularly after the sharp correction from their listing peak prices,” added Vijayakumar. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New age companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 FY23 Profit/Loss </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 FY22 Profit/Loss </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paytm </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹392 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹779 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zomato </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹347 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹63 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PB Fintech (Policybazaar) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹87 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹298 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nykaa </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹8.2 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹27.9 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Paytm’s first ever quarterly operating profit impresses, builds hope The fintech company’s December quarter performance was a big surprise for many as it posted its first ever quarterly operating profit as it narrowed down losses. The growth was driven by pick up in merchant subscription revenues and loan distribution. “Biggest surprise is distribution business, control of cashbacks, opex,” said Macquarie in a report. Shares of the company rose nearly 22% from February 3 when it reported its quarterly earnings. Macquarie has upgraded rating on the company’s stock to ‘Outperform’ from ‘Underperform’ with a target price of ₹800. “PayTM has positively surprised on the distribution of financial services revenue by a wide margin and has also managed to control overall expenses and charges. At the time of listing, profit and free cash flow were not even a part of management’s discussion. However, we see a very visible change in approach of management to deliver profit, evidenced, we believe, by the core EBIDTA profitability that was reported recently,” said Macquarie in a report. Zomato: A promising road to profitability Zomato reported better than expected Q3 FY23 revenues, and analysts believe it may reach profitability by the end of the current financial year. “Depending on execution-related wins, the company (ex of quick commerce) may clock profitability in Q4FY23 itself, two quarters ahead of their guidance,” said analysts at Nuvama Institutional Equities. “Zomato’s road to profitability has grown even more promising. Zomato (ex-quick commerce) clocked adj. EBITDA level profitability in the month of Jan-23. Depending on execution-related wins, the company (ex of quick commerce) may clock profitability in Q4FY23 itself, two quarters ahead of their guidance,” added the report. Analysts say Zomato’s relaunch of its Gold membership plan should bring growth back. Most brokerage houses have <a href="https://www.businessinsider.in/business/news/no-long-tail-effect-zomato-banks-on-demand-recovery-in-future-even-as-it-shuts-operations-in-225-cities-on-poor-performance/articleshow/97907071.cms">maintained a ‘Buy’ rating </a>on the company’s stock. “The fact that most of these companies have put forth their strategy to cut down losses and become profitable in the near future builds hope for investors. For example, Zomato’s decision to cut operations in 225 smaller cities. Moreover, since most of these <keyword id="10951575" type="General" weightage="20" keywordseo="new-age-tech-companies" source="Orion">new age tech companies</keyword> are direct consumer based there are expectations of inflation cooling down and boosting consumer spend.” Shrikant Chouhan, head of equity research (retail) at Kotak Securities told Business Insider India. Nykaa: Premium valuation reflects solid outlook, say analysts Nykaa, reported a 70% on year decline in net profit in Q3 <a href="https://www.businessinsider.in/business/corporates/news/nykaas-stock-plunges-4-2-after-its-q3-net-profit-slips-70/articleshow/97901748.cms">missing analysts expectations</a>. Despite this, brokerages believe the best is yet to come for the company. During a post-earnings conference call Falguni Nayar, executive chairperson, MD and CEO of Nykaa said that although inflationary pressures were present, it wasn’t that big of an issue for many of Nykaa’s customers. Q3 is considered to be a seasonal quarter for the company because of the festive season and despite macro challenges Nykaa’s growth was applauded by analysts. “In a quarter rampaged by a tougher macroeconomic environment, Nykaa reported substantial growth in Q3FY23 numbers,” said a report by JM Financial. The brokerage firm has assigned a ‘Buy’ rating on the stock. “We continue to see increased strength of the dominant positioning in beauty and personal care (BPC) vertical while the newcomer, fashion vertical, has gained market share at the cost of a sharp dip in contribution margin,” added the report. Nykaa’s EBITDA margins came under pressure and fell to 5.3% in Q3, as against 6.3% in the same period last year. “While we expect Nykaa’s GMV growth, at 35% in FY23E-25E, to be the highest within our global ecommerce coverage, we believe Nykaa’s valuation premium (FY24 EV/GMV of 3.1x vs 0.5x median for peers) already reflects this solid growth outlook and Nykaa’s stronger margin profile,” said a report by Goldman Sachs. The investment banker has assigned a ‘Neutral’ rating on the stock. PB Fintech on course to profitability soon The December quarter performance of PB Fintech, the parent company of Policybazaar and Paisabazaar, was another surprise for investors as the company narrowed its losses significantly. Its insurance premiums jumped 70.3% on year to ₹30.3 billion driven by a strong showing across segments. “Given its market share of 90%-plus in online insurance sales and a growing offline presence, PB is poised to post strong sales,” said analysts at Nuvama Institutional Equities. Further, the management expects revenue and margins to improve further as agent productivity rises and benefits of appointments channel are realised. They hinted at a sharp profitability uptick in Q4, say analysts. “This growth becomes even more impressive considering the seasonally weak Q3 for insurance, where new business premiums for life and general insurance declined QoQ by 19% and 12%, respectively,” said a report by JM Financial. New-age internet based businesses, like their unlisted peers, have been chalking out strategies that lead them towards profitability and are already on a growth path aided by their unique business propositions — allaying investor and analyst concerns. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/google-india-layoffs-nearly-500-people-fired/articleshow/98001522.cms">Google layoffs reach Indian shores, nearly 500 employees sacked late Thursday</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/neal-mohan-indian-american-guy-journey-to-becoming-youtube-ceo/slidelist/98001073.cms">From Lucknow to USA: Indian-American Neal Mohan’s journey to becoming YouTube CEO</a>

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Dunzo laying off 150-200 more employees amid fresh funding news: Reports

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Quick commerce platform Dunzo lays off 30% of its workforce

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Dunzo to raise $35 million from Reliance, Google following salary delays, says media report

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India’s tech hub sees most layoffs along with sharpest dip in hiring

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Over 1,600 techies being fired a day on average in January says tracking site Layoffs.fyi

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Early-stage startups keen on hiring for mid and junior roles: FICCI-Randstad survey

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Retail tech platform Dukaan lays off 30% of its workforce; second layoff in 6 months

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New age technology companies back in the spotlight after Q3 performance

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