Dunzo founder Kabeer Biswas may exit

Kabeer Biswas, the sole remaining cofounder and CEO of Reliance Retail-backed Dunzo, has discussed leaving the company with investors, according to people familiar with the matter. This follows nearly 12–18 tumultuous months for one of the early movers in the quick commerce business.The discussions come at a time when the sector is witnessing heightened activity and peak investor interest.

ET reported on Thursday that former Dunzo executives are setting up new ventures in the fast-growing quick commerce sector.“There have been talks from him (Kabeer) about moving on from Dunzo, and a consensus needs to be reached. Some investors, frankly, have not opposed the idea given the state of affairs at Dunzo,” one person familiar with the matter said.

“All options are on the table, including what happens to his remaining stake in the company. Reliance, however, hasn’t yet approved the proposal but continues to be in discussions on the matter,” another person close to the discussions said.
Emails sent to Reliance Retail and Biswas did not elicit a response as of press time Thursday.