Cash-strapped delivery startup Dunzo laysoff more employees

Reliance-backed Dunzo, a delivery startup that has been struggling with a funding crunch season, has reportedly begun another round of layoffs that could affect around 200 employees.

According to multiple media reports, The current round of layoffs could overall affect around 20-25% of its total workforce.

The development comes after the startup deferred June month salaries for some employees by up to 50%.

Initially, Dunzo was expected to release the remaining June salaries later this month. However, the company appears to have postponed these payments until September.

This move follows approximately three months after the company, which counts Google and Reliance Retail as backers, let go of nearly 300 employees. 

The development comes amid several giant startups like Byju's facing funding crunch and laying off employees to reduce cash burn.

It's worth mentioning that the first half of 2023 saw startup funding drop to $3.8 billion from $18.3 billion in the same period last year, according to a recent PwC analysis.

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