Kabeer Biswas, co-founder and CEO of Bengaluru-based hyperlocal startup Dunzo, is staring at an uncomfortable reality. For a company that started out on the WhatsApp chat service to an app that delivers over 2 million orders per month, the last financial year really stung. Dunzo, which has raised $81 million since inception with a $200 million valuation, has seen its cash burn go up to $3 million a month in the past year—a whole million over the last year.
Takes two to Dunzo: Kabeer Biswas trusts popularity to drive profitability
It's been a tough year for the hyperlocal delivery app. Its cash burn has gone up to $3 million a month, its losses have jumped 8-fold and it’s been pulling out of certain pincodes of late. Co-founder Kabeer Biswas isn't daunted—his two big goals are to scale and get profitable. Can he Dunzo them?
Indian hyperlocal startup Dunzo has seen many transitions in its nascent 4-year business
From hunting for investors, to catching Google’s eye, and now, with a goal of achieving profitability in a city by the next quarter, 2020 is a pivotal year for Dunzo
Despite ballooning losses and scaling back from unprofitable locales in some cities last year, Dunzo CEO Kabeer Biswas says some of it was by design
Dunzo hopes to accomplish this profitability dream through circumspect expansion and by stemming its loss per order