Fast paced entrepreneur Dunzo has acquired legal notices from not less than 7 organizations since March of this 12 months. According to Moneycontrol sources, Dunzo has acquired notices from Google India, Nilenso, Clover Adventures, Facebook India Online Services Private Limited, Cupshup, Koo and Glance. Dunzo’s complete market capitalization is round Rs 114 which is sort of double the current valuation of Rs 5-6.
Agtech start-up Clover Adventures just lately requested Dunzo to clear membership charges that presently exceed Rs 2 crore, as revealed in Clover Adventures’ legal discover relating to the sale of Dunzo and Cupshup, and Cupshup 1′ He despatched Dunzo a discover to pay his debt to e. crore for providers. According to Cupshup, Dunzo has reportedly supplied money deposits for varied occasions earlier than, however by no means paid them.
“Funds are substantial and have to do with late payments and my clients are struggling financially. My clients are also responsible for their employees’ work and therefore cannot expect to be paid more.”
In addition, the lock display screen Glance has issued a discover asking Dunzo to pay an administrative payment of Rs 5.8 million benefited by the courier.
Glance offers assist to organizations, primarily the cellphone’s lock display screen.
Microblogging website Koo just lately rented workplace house from Dunzo and eliminated the positioning.
However, Koo safety has but to obtain greater than Rs 6.2 million low cost.
A legal group stated, “Even though our client removed the title deed of the house and transferred it to you on March 31, 2023, you violated the terms of the contract by making a certain amount of deduction and neglecting to return the deposit.” for koo.
Dunzo has acquired quite a few legal notices from Facebook India Online Services Private Ltd. and Bengaluru-based programming consulting agency Nilenso uncared for dues over Rs 4 crore.
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