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Dunzo to pay August salaries via payroll financing app OneTap amid cash crunch, ET Retail

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Beleaguered hyperlocal delivery firm Dunzo on Wednesday told employees it would make salary payments for August through payroll financing app OneTap, people in the know of the matter told ET.

Employees were asked to download and register on the app, as well as fill a know your customer (KYC) form on the app to receive their payments. Employees would receive their salaries by either Thursday or Friday, the cash-strapped firm said in an internal communication accessed by ET. It didn’t provide any clarity on the pending salaries for June and July.

Dunzo didn’t reply to requests for comments on the salary payments via OneTap.

“Please be assured that this partnership is between Dunzo and OneTap, and hence, all repayment liability rests solely with Dunzo. For team members, this will be treated as a regular salary credit with no interest or repayment obligations.” the firm said in an email to employees on Wednesday.

ET reported on Friday that Dunzo had further delayed paying August salaries to several employees, after having promised to clear them by the end of last week.

Over the last eight months, the Reliance-backed company has fired close to 400 employees. Dunzo is also facing legal notices from the likes of Google India, Koo and Glance over pending vendor payments.

Dunzo has been struggling to finalise funding amid a cash crunch, as a valuation mismatch among stakeholders has become a point of contention between investors, ET reported on August 22.

  • Published On Sep 14, 2023 at 08:47 AM IST

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