Cash-strapped Dunzo has teamed with OneTap, an RBI-registered NBFC, to pay employees' August salary as funding talks for the quick-commerce startup continue to stall.
Capital Trade Links Limited (CTL), which is listed on the Bombay Stock Exchange (BSE), operates OneTap. It provides business loans, property loans, auto loans, personal loans and other services.
Dunzo's choice to work with OneTap comes after the company missed multiple deadlines in the past and failed to pay employees for the month of August. In addition, Dunzo has yet to clear the share of pay it has put back from June and July.
"While we anticipate receiving funds soon, this collaboration expedites salary disbursement for August. Employees should expect to get their paychecks by September 14 or September 15 at the latest," the company said in an email to employees, according to media reports.