NEW DELHI: Homegrown quick-grocery supply supplier Dunzo, mired in controversy for not paying staff their salaries for months, is reportedly in superior talks to lift between $80-100 million in its collection G spherical.
Bengaluru-based hyperlocal supply startup Dunzo is in talks to lift funds from its present traders, together with Lightbox and Lightrock, reviews main startup protection portal Inc42.
The funding spherical “largely contains fairness funding and might have a small debt component”, the report talked about.
Dunzo was but to touch upon the report.
The fund-raise, if it occurs, may help the startup pay the salaries in addition to clear pending dues of its distributors.
Dunzo has obtained authorized discover from not less than seven firms since March this 12 months.
It had reportedly obtained authorized notices from Google India, Nilenso, Clover Ventures, Fb India On-line Companies Personal Restricted, Cupshup, Koo and Look.
General, Dunzo’s excellent vendor money owed whole roughly Rs 11.4 crore, almost double of Rs 5-6 crore beforehand estimated.
The short-grocery supply supplier Dunzo has reportedly promised staff to pay an curiosity of 12 per cent each year on the wage part that it held again from June.
As well as, the startup assured them that it was on monitor to repay all excellent money owed by September 4, in response to earlier reviews.
The corporate was imagined to clear all pending dues by July 20, however an electronic mail was despatched out, pushing the deadline to September 4.
“Thanks in your persistence and continued assist. We perceive the inconvenience this (delay in salaries) has brought on and need to be sure that we offer the doable assist for the delay,” Dunzo’s payroll group mentioned in an electronic mail to staff.
“There will probably be curiosity paid of 12 per cent each year,” it added.
