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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Startups are defined by one of two things: Breakneck pace of growth or a sweet bottomline. While Dunzo may be trying hard, it is fumbling at both.
Editor's note: Three years. That’s the time Kabeer Biswas, co-founder and CEO of Dunzo, sees the hyperlocal logistics company taking to stop relying on external capital and start making money on its own. Overly optimistic, from a quick look at the numbers. The latest financial statement, for the fiscal year ended 31 March 2019, and a valuation report dated 20 March show losses ballooning to Rs 332.4 crore in fiscal 2019-20, up from Rs 168 crore in 2018-19. That’s almost a crore a day. The report puts outstanding losses at nearly Rs 540 crore as per annualized figures. The filings also show Dunzo’s annualized expenditure during 2019-20 adding up to Rs 407.6 crore, a 2.3x rise from Rs 172 crore in 2018-19. That’s some cash burn, right there. The Bengaluru-headquartered company, though, is not short on recall. In the six years of its existence, it has managed to develop quite a fan base in the city of its birth. Almost anyone you run into in the traffic-snarled city talks about ‘dunzoing’ stuff—from cigarettes to contraceptives, beer to biryani. Other than the Karnataka …
Startups are defined by one of two things: Breakneck pace of growth or a sweet bottomline. While Dunzo may be trying hard, it is fumbling at both.
Editor's note: Three years. That’s the time Kabeer Biswas, co-founder and CEO of Dunzo, sees the hyperlocal logistics company taking to stop relying on external capital and start making money on its own. Overly optimistic, from a quick look at the numbers. The latest financial statement, for the fiscal year ended 31 March 2019, and a valuation report dated 20 March show losses ballooning to Rs 332.4 crore in fiscal 2019-20, up from Rs 168 crore in 2018-19. That’s almost a crore a day. The report puts outstanding losses at nearly Rs 540 crore as per annualized figures. The filings also show Dunzo’s annualized expenditure during 2019-20 adding up to Rs 407.6 crore, a 2.3x rise from Rs 172 crore in 2018-19. That’s some cash burn, right there. The Bengaluru-headquartered company, though, is not short on recall. In the six years of its existence, it has managed to develop quite a fan base in the city of its birth. Almost anyone you run into in the traffic-snarled city talks about ‘dunzoing’ stuff—from cigarettes to contraceptives, beer to biryani. Other than the Karnataka …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
