Dunzo’s cofounder and CEO, Kabeer Biswas, is in talks with high-net-worth individuals for an acquisition deal amid the company’s financial struggles. Reliance Retail, which previously invested $200 million in Dunzo, has written off its investment and is not pursuing further funding or acquisition options. Biswas may resign after facilitating a potential acquisition, having already approached companies like Flipkart and Swiggy without success. Dunzo’s operations have been scaled back to select areas in Bengaluru, and it faces significant financial losses, with debts potentially reaching INR 80 crore. The company’s valuation has plummeted from $770 million to an estimated $30 million.