Valuation cut disagreement slows fresh funding for Dunzo: Report

A disagreement among shareholders over the extent of Dunzo's valuation markdown is slowing down the process for the quick delivery startup to secure new funding, The Economic Times reported. Reliance Retail, Dunzo's largest investor, is opposing cutting Dunzo's valuation by 50%. A steep valuation cut could mean a significant value erosion of Reliance's $200-million investment in Dunzo.