Overview
- Reliance has recorded a full write-down of its ₹1,645 crore investment in Dunzo in its FY25 accounts, and the startup has ceased to be a related party.
- Dunzo generated only ₹1 crore in operating revenue in FY25 and shut down after burning through capital and failing to attract a buyer.
- Reliance led a $240 million funding round in January 2022 and later purchased a 25.8% stake for $200 million in late 2023 to support JioMart’s quick-commerce ambitions.
- The write-off highlights the difficulties of scaling profitably in India’s crowded hyperlocal delivery market alongside players like Blinkit, Instamart and Zepto.
- Reliance is refocusing on JioMart expansion, the planned demerger of its FMCG arm and investments in AI (JioBrain) and 6G research.