US EditionReliance Retail Writes Off INR 1,645 Cr Investment In Dunzo
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tezzbuzzReliance Retail Writes Off INR 1,645 Cr Investment In Dunzo
Retail giant Reliance Retail has officially written off its entire investment in defunct hyperlocal delivery startup Dunzo. According to Reliance Industries Ltd’s (RIL) FY25 annual report, the conglomerate’s 78,923 equity shares of Dunzo, internally pegged at INR 1,645 Cr in FY24, were valued at nil during the fiscal year under review. The now-shut startup clocked INR 1 Cr in operating revenue in FY25, the report said. This comes over seven mon…
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