NEW DELHI: Money-strapped Dunzo has posted a lack of Rs 1,800 crore in FY23, a 288 per cent improve from the earlier 12 months, based on its consolidated monetary statements filed with the Registrar of Firms.
Income from operations surged 4.1x to Rs 226 crore in FY23 from Rs 54 crore in FY22, stories Entrackr.
Collections from the sale of traded merchandise accounted for 62 per cent of general working income. In FY23, its revenue totalled Rs 141 crore. In the course of the earlier fiscal 12 months, the remaining revenue was generated by way of platform providers and warehouse charges.
As an on-demand supply firm, the charges paid to runners have been the biggest price centre, accounting for 18 per cent of the general bills. This price elevated by 2.7 instances, from Rs 134 crore in FY22 to Rs 367 crore in FY23.
The price of worker advantages for the corporate elevated by 2.4 instances to Rs 338 crore in FY23. This quantity contains Rs 74 crore for ESOP prices that have been settled by money, based on filings sourced by way of TheKredible.
The corporate’s general price went up by 3.86 instances to Rs 2,054 crore in FY23 from Rs 532 crore in FY22, which was largely led by a bounce in promoting spending.
Dunzo’s widening losses come at a time when the corporate had been hit by the departure of a number of top-level executives, together with co-founders and its finance head, in addition to delays in salaries of a number of workers and mass layoffs throughout phases.
As per stories, Dunzo is shedding at the very least “150-200” extra workers amid a extreme money crunch. It’s more likely to trim its workforce additional by round 30-40 per cent.
The corporate has reportedly knowledgeable impacted workers that they might obtain their full and ultimate settlements in January.
