Dunzo CEO Biswas to quit amid co's fin woes

BENGALURU: Embattled instant delivery firm Dunzo founder and CEO Kabeer Biswas is stepping down from his role, sources told TOI. This follows the earlier departures of other co-founders Mukund Jha, Dalvir Suri, and Ankur Agarwal. The organisation faced severe financial difficulties, failing to pay staff salaries for more than 18 months. Biswas himself went without his salary for an extended period.

Founded in 2014 as a WhatsApp group, Dunzo pioneered a unique pick-up and drop service that expanded nationwide from its initial operations in Bengaluru. Reliance Retail led a $240-million round in Dunzo in 2022 and became the largest shareholder in the company.

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