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Reliance Industries has officially written off its entire Rs 1,645 crore (approximately $200 million) investment in Dunzo. The investment, made by Reliance Retail Ventures in early 2022, gave it a 25.8% stake in the now-defunct quick commerce platform.
The write-off comes as Dunzo’s operations collapsed. On January 13, 2025, its app and website went offline after the exit of its last remaining co-founder and CEO, Kabeer Biswas, who…
