City
Epaper

Dunzo to now pay salaries ‘batch-wise’ after several delays

By IANS | Updated: September 4, 2023 21:50 IST

Bengaluru, Sep 4 Homegrown quick-grocery delivery provider Dunzo, which has been delaying salaries for its employees after being ...

Open in App

Bengaluru, Sep 4 Homegrown quick-grocery delivery provider Dunzo, which has been delaying salaries for its employees after being unable to raise funds, has further delayed paying its staff and will now do it "batch-wise”.

According to sources, the quick-grocery delivery provider once again failed to pay some of its employees as it was to start disbursing salaries from September 4.

"Due to certain procedural requirements, we have to do this batch-wise. It may take an additional day or two for us to facilitate this transfer for everyone," Dunzo told employees in an email.

"Rest assured you will receive your August 2023 salary within this week without fail," according to the email.

Last month, reports surfaced that Dunzo delayed salaries to the first week of October after being unable to raise funds. The startup previously committed to make payments on September 4, from the earlier July 20 date, Money Control had reported.

"We sincerely apologise for this delay. Ensuring that you receive your due compensation as early as possible is our top priority. Please be assured that we are doing everything to make this happen, and we are confident that there will be no further delays after this," according to an earlier email from the startup.

It had also promised employees to pay an interest of 12 per cent per annum on the salary component that it held back from June.

Earlier in August, it was reportedly in advanced talks to raise between $80-100 million in its series G round from its existing investors, including Lightbox and Lightrock. The funding round "mostly comprises equity funding and can have a small debt element", according to reports.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalTrump says he had 'very good talk' with PM Modi

NationalHimachal Pradesh: Three Himachal College Teachers dismissed over sexual harassment charges

PoliticsBill brought by Jayalalitha now has been implemented by PM Modi: EPS on Women's Reservation Bill

InternationalTrump signals Iran deal, ceasefire push

International10-day ceasefire between Israel, Lebanon goes into effect

International Realted Stories

International"I hope Hezbollah acts nicely," says US President Trump after Israel-Lebanon ceasefire comes into effect

International"Targeting of commercial shipping unacceptable," India urges restoration of safe navigation in Strait of Hormuz at UN debate

InternationalUK PM Starmer, French President Macron to host global meet on reopening Strait of Hormuz

InternationalCeasefire violations reported in Lebanon as Israeli artillery shelling, aerial surveillance continue

InternationalFireworks, celebratory gunfire light up Beirut as ceasefire comes into force