In the midst of a funding crunch, Reliance-backed delivery startup Dunzo has been hit with a series of legal notices from its vendors, demanding the settlement of pending dues, according to a Moneycontrol report.
Recently, The delivery startup deferred the salaries of its workforce and imposed a salary cap of Rs 75,000 per employee from June. Additionally, the company has taken the difficult step of initiating its third round of layoffs in an effort to manage its cashflows effectively.
The legal notices from seven different entities, including Google India, Nilenso, Clover Ventures, Facebook India Online Services Private Limited (FBI), Cupshup, Koo, and Glance, have further compounded the startup's woes since March of this year.
The total dues owed to vendors by Dunzo have surged to approximately Rs 11.4 crore, a staggering figure nearly double the earlier estimated amount of Rs 5-6 crore. The latest addition to these claims came from Clover Ventures, an agritech startup specializing in fruits and vegetables, which recently issued a legal notice to Dunzo demanding the clearing of dues totalling over Rs 2 crore.
Also Read: