NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Another setback for Dunzo as co-founder Dalvir Suri exits
    Next Article
    Another setback for Dunzo as co-founder Dalvir Suri exits
    Dalvir Suri was instrumental in growing the company's B2B business

    Another setback for Dunzo as co-founder Dalvir Suri exits

    By Rishabh Raj
    Oct 02, 2023
    10:45 am

    What's the story

    Dalvir Suri, co-founder of hyperlocal delivery start-up Dunzo, is stepping down after more than six years with the company.

    In an email to employees on October 1, CEO Kabeer Biswas announced Suri's departure. Suri joined Dunzo back in May 2015 when it was a small start-up taking orders through WhatsApp.

    Interestingly, Suri, along with co-founders Ankur Aggarwal and Mukund Jha, did not hold equity in the company and only received a fixed salary, which has been delayed on multiple occasions.

    Details

    Dunzo's financial struggles and fundraising efforts

    Suri's departure comes as Dunzo faces financial challenges and seeks to raise between $25-30 million in funding.

    The company has had difficulty maintaining operations and has scaled back its customer-centric arm due to increasing losses.

    To cut costs, Dunzo has given up its Bengaluru office space and laid off hundreds of employees in three rounds of layoffs since its inception.

    What Next?

    Suri's role and contributions at Dunzo

    As a co-founder, Suri played a vital role in developing new business lines at Dunzo.

    He was instrumental in growing the company's B2B business, Dunzo Merchandise Service (DMS), which now generates most of the company's revenue.

    In his email to employees, CEO Kabeer Biswas lauded Suri as the "key zero to one person from the founding team that just gets things Dun."

    Insights

    Organizational changes following Suri's departure

    Dunzo plans to discuss organizational changes resulting from Suri's exit during a company-wide meeting later this week.

    It remains uncertain who will assume Suri's responsibilities or how his departure will affect the company's future plans.

    Suri had reportedly tried to leave the company earlier but stayed after talks with CEO Biswas. This time, however, retaining him proved difficult.

    Facts

    Dunzo's funding history and major shareholders

    Since 2015, Dunzo has secured nearly $500 million in funding from investors such as Reliance, Google, Lightrock, Lightbox, and Blume Ventures.

    Reliance is the largest shareholder with a 25.8% stake, while Google holds the second-largest share at around 19%.

    As Dunzo navigates its financial hurdles and fundraising efforts, the departure of a key co-founder like Suri raises questions about the start-up's future direction.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Startups

    Latest

    Shubman Gill should lead India in Tests, says Ravi Shastri Jasprit Bumrah
    Wankhede Stadium honors Rohit Sharma with dedicated stand: Complete details Devendra Fadnavis
    RCB captain Rajat Patidar recovering well from finger injury Indian Premier League (IPL)
    Karun Nair named in India A squad for England tour Abhimanyu Easwaran

    Startups

    Meet Beatoven.ai, the AI that can create original, royalty-free music Artificial Intelligence and Machine Learning
    GoMechanic fires 70% of its workforce; financial books under scanner Indian Startups
    Swiggy fires 380 employees amid 'challenging economic conditions' Swiggy
    Two ShareChat founders step down soon after layoffs: Here's why Google
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025