According to media reports, Kabeer Biswas, the founder and CEO of the instant delivery company Dunzo, is likely to step down from his position amidst the company’s ongoing financial struggles. This comes in the wake of several key departures, including that of co-founders Mukund Jha, Dalvir Suri, and Ankur Agarwal, further adding to the turmoil within the company.
Dunzo, which gained prominence as a leader in the fast-paced delivery sector, has faced severe financial challenges in recent times. According to sources, the company has been unable to pay employee salaries for over 18 months, a situation that has raised questions about its financial stability. Despite this, Biswas, along with the rest of the leadership team, reportedly continued to work without pay for a significant period, underscoring the depth of the financial difficulties the company has been grappling with.
These ongoing financial woes come at a time when Dunzo had ambitious plans to expand its operations across India, including scaling up its delivery infrastructure and expanding its product offerings. However, the failure to meet basic operational expenses, such as staff salaries, has put a strain on the company’s ability to execute its growth strategies. The resignation of key co-founders and the likely exit of Biswas are seen as significant setbacks for the company’s future prospects.
While no official statement has been issued yet regarding Biswas’ resignation, industry observers speculate that his departure could signal a larger shift in the company’s management and strategic direction. Dunzo’s future remains uncertain as it struggles to regain financial stability and address the challenges that have plagued its operations in recent months.
