Udaan

Udaan acquires ShopKirana to give boost to FMCG play, profitability ahead of IPO

With this, Info Edge has joined Udaan's cap table. The deal follows a recent $114-million fundraise led by M&G and Lightspeed

Udaan builds payment system to cut external dependence, secures RBI nod for HIPL

Udaan, which lists Yes Bank as its official aggregator, is expected to gradually transition transaction flows to its in-house aggregator HIPL

Udaan raises $114 million in extended Series G round led by M&G and Lightspeed

Udaan said the fresh capital will be used to deepen its presence in fast-moving consumer goods (FMCG) and the HoReCa (Hotel, Restaurant, and Catering) segment, expand its private label brands in staples, and strengthen its balance sheet ahead of a potential public listing.

B2B e-commerce firm Udaan raises $75 million in funding from M&G, Lightspeed

Founder and CEO Vaibhav Gupta, during a townhall on February 17, said that the company is in advanced discussion to close an additional $25 million in equity funding over the next quarter

B2B platform udaan sees sale of 2.25 billion products in 2023; 900 sellers achieved sales worth Rs 1 crore each

As many as 31 million electronics products, nearly 30 million products each in lifestyle and general merchandise category, 10 lakh tonnes of essentials, and 2 lakh tonnes of FMCG (fast-moving consumer goods) products were sold through the platform, udaan said in a statement.

Interglobe Enterprises appoints ex-Udaan CFO Aditya Pande as Group CEO, effective March 1

With the exception of IndiGo, Pande will have overall responsibility for setting InterGlobe's strategic agenda, the company said in a statement.

Udaan CFO Aditya Pande quits, third top exit in less than 6 months

The exit comes after Udaan's CBO and CTO also left the startup in September

Morning Scan: All the big stories to get you started for the day

A roundup of top newspaper stories to keep you ahead of the others.

Udaan fires over 100 employees days after securing $340 million in capital

This is the second instance, in the last 13 months, where Udaan has sacked staffers soon after raising a new round of capital.

Udaan secures $340 million in debt, equity from M&G Plc, other existing investors

Udaan’s business is now fully funded and on course to achieve its objective of becoming profitable in the next 12-18 months, per the company.

Udaan saw revenue fall by over 40% in FY23; losses narrow by 20%

In FY23, Udaan’s expenses totaled to Rs 7,775 crore, which was about 40 percent lower than roughly Rs 13,000 crore in FY22

Udaan loses CTO and CBO amid rejig

The decision to create new different units is likely because Gaurav Bhalotia, who led Udaan's Tech function until now, will be leaving the company