Dunzo, the quick commerce start-up that has been in the news for delayed salaries and layoffs, has now been reportedly rocked by top exits with five of its board members resigning.

A media report said that Ashwin Khasgiwala, group chief of business operations at Reliance Retail, and Rajendra Kamath, finance head at Reliance Retail, resigned from the Dunzo board in early August.

Reliance Retail is the largest shareholder in the Bangalore-based firm with a stake of nearly 26 per cent.

Similarly, Vaidehi Ravindran, a partner at Lightrock India (which holds a little less than 9 per cent), also left during that month. While there are reports that co-founder and chief technology officer Mukund Jha has also resigned, this could not be confirmed.

Following the resignations from the board, its strength is understood to have come down to three. This comes even as co-founder Dalvir Suri stepped down.

“Dalvir has been instrumental in building every new line of business at Dunzo ... and the DMS (Dunzo Merchant Services) business has very capable leadership that’s picking up directly after him,” CEO and co-founder Kabeer Biswas had said in a statement.

While Dunzo is looking to mobilise fresh funds from its existing investors, it is also learnt to have deferred employee salaries yet again.

In July, it had postponed the payouts. It had then reportedly said the remaining salary for June and July would be paid with the August salary in the first week of September. Dunzo had previously delayed salaries of half of its 1000-strong workforce till July 20.