Reliance Retail writes off ₹1,645 crore as Dunzo shuts down

Reliance Retail writes off ₹1,645 crore as Dunzo shuts down

Reliance Retail has written off its ₹1,645 crore investment in Dunzo after the delivery startup failed to compete with rivals like Blinkit and Zepto. Despite heavy spending and backing from investors including Google, Dunzo’s rapid delivery service struggled, leading to shutdown and one of India’s biggest startup write-offs.

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