Dunzo cofounder Dalvir Suri to exit amid tough times

economictimes.indiatimes.com:

Dunzo, cofounder Dalvir Suri is leaving the embattled instant delivery startup, according to multiple people aware of the matter. His departure comes after discussions on the issue with cofounder and chief executive Kabeer Biswas over the last couple of months at least, they added.

In recent weeks, Suri — who joined the Bengaluru startup as a cofounder six years ago — was closely involved in the company’s business-to-business delivery arm, Dunzo Merchant Services (DMS). The vertical had emerged as Dunzo’s core business driver as it scaled down consumer-facing operations across the seven geographies it was earlier present in.

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In future, DMS will likely account for 70-80% of Dunzo’s overall business, ET reported on September 25.

“It’s now final and he (Suri) is done with Dunzo,” said one of the persons cited above.

“He (Suri) had planned to make an exit earlier but stayed on as the firm was engulfed in multiple crises over the past few months,” the person cited said.

In addition to overseeing operations, Suri was also coordinating with key clients such as Reliance JioMart, which is owned by Dunzo’s largest shareholder. Reliance Retail has nearly 26% stake in the delivery firm.

The crisis-ridden startup firm has drastically reduced the scale of its quick commerce operations to conserve cash over the past year. It now doesn’t run its own dark stores but offers services through