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Cash-strapped Dunzo to pay 12% annual interest on deferred salaries, clear all dues by September 4
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₹75,000 from June. The decision was made irrespective of individual employee's payscale.
As per the old information, the startup had to clear all the dues by July 20, but Dunzo extended the deadline to September 4. “Thank you for your patience and continued support.
We understand the inconvenience this (delay in salaries) has caused and want to ensure that we provide the possible support for the delay," Dunzo’s payroll team said in an email to employees on July 27, reported Moneycontrol. Mint could not independently confirm the email statement.
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