Dunzo’s final shot at deliverance?

It has been a rough year for Dunzo. The Bengaluru-headquartered startup, which counts Reliance Retail and Google as investors, has laid off upwards of 400 employees, struggled to pay vendors, and has even deferred salary payments in order to keep the lights on.

Now, there may finally be light at the end of Dunzo’s tunnel. A report on August 17 from Inc42 revealed that Dunzo is close to securing as much as $100 million in funding from its existing investors. While the upcoming round is expected to largely consist of equity funding, it will not see participation from Dunzo’s largest and arguably most strategic backer—Reliance Retail.