Deloitte raises concerns over Dunzo’s financial health

Troubled quick commerce startup Dunzo’s auditor Deloitte has raised concerns about the firm’s ability to continue as a going concern in its FY23 financial report. “….the group’s current liabilities exceeded its current assets by Rs 3,258 million primarily because of significant high operational costs for building customer base….the group’s ability to continue as a going concern is significantly dependent on the availability of additional funding, and improvement in business operations.