October 2, 2023

Fast commerce startup Dunzo has instructed staff that it’ll additional delay the pending salaries. Workers salaries on the firm which were delayed embrace these of June and July. The startup was earlier scheduled to clear all dues on September 4, as per an electronic mail it had despatched to staff earlier.

Now in a brand new electronic mail, reportedly despatched to staff on August 30, the corporate has mentioned that they’ll obtain August wage by September 4 and the pending June and July salaries quickly.

Excerpts from the e-mail
“You’ll obtain your wage for the month of August 2023 on time on September 4. The stability salaries for June and July, together with an curiosity of 12% p.a., will likely be cleared on the earliest. We are going to revert with the precise date subsequent week,” the e-mail mentioned. Financial Instances has seen a duplicate of the e-mail.

“We sincerely apologise for this delay. Guaranteeing that you just obtain your due compensation as early as potential is our high precedence. Please be assured that we’re doing the whole lot to make this occur, and we’re assured that there will likely be no additional delays after this,” the e-mail learn.

Offering extra assurance to staff, it added, “it’s also possible to anticipate wage funds from September month onwards to be regularised. We sincerely apologise for this delay.” the e-mail added.

“We’ve got made constructive progress on funding and purpose to shut procedural necessities in September. Within the meantime, we needed to clear August salaries as per the dedicated timeline. We’re assured that there will likely be no additional delays…” Dunzo mentioned within the electronic mail to present staff.

The corporate didn’t, nonetheless, specify a timeline on when the held-back portion of June and July salaries will likely be cleared in full.

Bengaluru-based Dunzo, which additionally counts Google and Reliance, amongst its traders, had first delayed wage elements above Rs 75,000 for the month of June, which had been to be paid in July.


Prime Remark

One other startup floundering.

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