Reliance Retail writes off $200 mn investment in Dunzo
System User, Published on Jan 4th, 2025
Reliance Retail, the largest shareholder in troubled hyperlocal startup Dunzo, has written off its $200 million investment in the company, multiple sources privy to developments told. It is not involved in any talks to infuse funds into Dunzo or acquiring it in a distress sale after the company's cash crunch and retreat from quick commerce in the past 24 months.
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