Dunzo will lay off 30% of staff amidst a $75 million funding round

Well-known grocery delivery service Dunzo has recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.

The decision was taken while keeping in mind that the company is currently facing increased competition in India’s e-commerce business. This is due to the intensified efforts to ensure that consumers may receive their purchases in 15 minutes or less due to the increased demand for home items to be delivered super-quickly.

Earlier this year, in January, Dunzo had to fire 60 to 80 employees or around 3% of the whole staff. The corporation had previously closed down several of its dark storefronts as a cost-saving tactic before making this decision.