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 / For every Re. 1 Dunzo earned, it spent Rs. 225
    Next Article
    For every Re. 1 Dunzo earned, it spent Rs. 225

    For every Re. 1 Dunzo earned, it spent Rs. 225

    By Shubham Sharma
    Oct 31, 2019
    02:33 pm

    What's the story

    Popular hyperlocal delivery start-up Dunzo has reported a humongous 671% increase in losses for FY 2019.

    The company has filed a series of documents with the Registrar of Companies (RoC), revealing that its loss has widened from Rs. 21.9 crore in FY 2018 to Rs. 169 crore in the current fiscal.

    It effectively means that for every Re. 1 that Dunzo earned, it spent Rs. 225.

    Company details

    Delivering products across categories, connecting merchants-consumers

    Founded by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha in 2015, Dunzo has been offering delivery services for categories ranging from groceries and food to medicines, electronics, and pet supplies.

    The company operates in nine Indian cities and clocks more than 2 million month-on-month deliveries with an average time of 28 minutes. It also provides bike taxi in Gurugram, Noida, and Hyderabad.

    Operating income

    Operating income reported at just Rs. 76 lakh

    In addition to the loss of Rs. 169 crore, the documents filed by Dunzo reported total revenue of Rs. 3.5 crore in FY 2019.

    Of this, just Rs. 76 lakh was described as the revenue from operations, while the remaining Rs. 2.7 crore was attributed to 'income from other sources'.

    Now, this means that the company lost 222x more money than its operating income.

    Funding

    Dunzo had raised $45 million earlier this month

    Just a few weeks back, Dunzo had raised $45 million from Google, Lightbox Ventures, 3L Capital, and STIC Investment & STIC Ventures, with its total valuation standing at around $56.4 million.

    The company had promised that the funds would be utilized for scaling up the business and adding more partners to pick up, drop almost anything and everything a consumer would want to buy/ship.

    Losses

    Dunzo also wants to cut delivery losses

    Along with scaling up the business and expanding the delivery portfolio, Dunzo had also said that it would use the funding for cutting delivery losses, which currently stand at Rs. 30 per delivery, and boosting its technical infrastructure.

    Hopefully, the company would follow up on this plan and bring its financial losses a tad down in the near future.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Google
    Gurugram

    Latest

    India's smartphone exports jump 55%, surpassing petroleum, diamond sales India
    Pilot locked out, co-pilot unconscious—How Lufthansa flight avoided disaster Airbus
    Delhi HC restrains unauthorized use of 'Andaz Apna...' title, characters Delhi High Court
    IPL 2025, LSG vs SRH: Presenting key player battles Indian Premier League (IPL)

    Google

    Taking on Spotify, YouTube Music to offer new personalized playlists India
    You can ask Google Assistant to move music between speakers Google Assistant
    Google could launch Pixel smartwatch alongside Pixel 4 flagship smartphones United States of America
    Now, visually impaired people can 'see' images in Chrome Google Chrome

    Gurugram

    Gurugram: Tractor kills 9-year-old returning from tuition as mother watched Road Accidents
    Delhi's air quality worsens again, turns 'severe' Uttar Pradesh
    Aided by dense-fog, thieves wearing Santa-Claus masks loot several shops Haryana
    Deadly roads: Gurugram registers 442 road-accident deaths in 2018 Road Accidents
    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