Why Reliance Retail wrote off its $200M investment in Dunzo?
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Reliance Retail, the biggest backer of hyperlocal delivery start-up Dunzo, has written off its $200 million investment. The move comes as Dunzo continues to struggle financially and has exited the quick commerce space in the last two years, according to an Inc42 report. Reliance Retail is not involved in any talks to extend further funding or to acquire Dunzo in a distress sale.