Report: Flipkart Considering Acquisition of Dunzo, Backed by Reliance

Flipkart, a Walmart-backed e-commerce company in India, is reportedly in talks to acquire the on-demand delivery platform Dunzo, which is supported by Reliance Industries, according to a report by TechCrunch. However, discussions have faced challenges due to complexities related to Dunzo’s ownership structure, hindering progress toward a deal. Reliance Industries, having acquired a 26% stake in Dunzo in 2022, has not yet approved the acquisition. Dunzo, responding to Reuters via email, denied engaging in any discussions regarding the acquisition. There has been no immediate response from Flipkart, Walmart, or Dunzo to requests for comments from Reuters. Dunzo, facing financial difficulties, has recently undergone restructuring, salary deferments, and layoffs, despite backing from Google’s parent company, Alphabet.