Exclusive: Reliance Retail Writes Off $200 Mn Dunzo Investment
SUMMARYDunzo cofounder and CEO Kabeer Biswas as per our sources is leading talks with high net worth individuals and family offices for an acquisition deal
Reliance is also 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
CEO Biswas is reportedly close to quitting the company and has communicated his decision to investors
Reliance Retail, the largest shareholder in troubl...
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