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UDAAN OPERATING MODEL
Groww Q2 profit jumps; Hocco eyes big funding scoopGroww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.- Udaan sees growth after four years with 13% rise in revenuesUdaan has shifted to a cluster-led operating model with greater accountability for performance at the city and category levels, according t...
- Udaan to acquire Swiggy-owned retail distribution company Lynk LogisticsUdaan is acquiring Swiggy-owned Lynk Logistics in a deal valuing the retail distribution firm at Rs 500 crore. Swiggy will receive a 2.8% s...
- ETtech Explainer: Why is Meesho building a low-cost logistics network for grocery?Meesho is taking a different approach in the B2B grocery supply sector, where startups have found it hard to scale and incurred high cash b...
- Udaan avoids bankruptcy, reaches agreement with offshore creditors to settle $178 million claimBlackrock, world’s largest asset manager has agreed to provide $45 million of fresh credit facility. The restructuring will also include up...
- Udaan faces creditor heat; Bhavin Thurakia's fifth rodeoCreditors have dragged B2B ecommerce firm Udaan’s parent to Singapore court over a bond default. This and more in today's ETtech Top 5.
- B2B ecommerce company Udaan reports 37% decline in FY25 net loss to Rs 1,055 croreUdaan cut its net loss by 37% to Rs 1,055 crore in FY25, even as operating revenue fell 20% to Rs 4,561 crore, filings showed. The decline ...
- udaan secures $114 million in Series G funding led by M&G Investments and LightspeedThe capital will fuel expansion in the FMCG category and HoReCa segment, alongside private label initiatives. udaan aims for profitability,...
- Udaan logs lower net loss, flat operating revenue in FY24After two rounds of layoffs in 2023, the ecommerce platform had 1,500 employees on its roll at the beginning of 2024, compared to the peak ...
- Udaan closes another Rs 300 crore in debt from Lighthouse Canton, Stride Ventures, othersUdaan said it will use the fresh capital to expand its geographical footprint through its 'Micro-Market strategy', optimise operations, enh...
- udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capitaudaan focuses on sustainable growth and profitability, supported by strategic initiatives and operational excellence in the eB2B market.
- Udaan FMCG biz head Vinay Shrivastava quits; fourth senior exit since Sept’23Udaan's FMCG business head, Vinay Shrivastava, has resigned amid a series of senior exits at the B2B e-commerce firm. Shrivastava, with nea...
- Udaan valuation dives to $1.8 billion in down roundBengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021. It closed a $340 million financing last De...
- Udaan raises $120 million through convertible notes, IPO delayedUdaan CEO had told ET on February 16 that the company was planning to go public by May 2023.
- Lightspeed-backed udaan raises $120 millionWith this round, the total funds raised by udaan through convertible notes and debt in the last four quarters have crossed $350 million, ma...
- Udaan closes $200 million debt financing through convertible notesFor Udaan, which has said it intends to go public in the next 18-24 months, the move to pick up debt financing through convertible notes co...
- Udaan to take on Meesho, DealShare as it enters consumer-facing grocery businessUdaan, with its new platform Price Company, is entering the consumer-facing grocery business through the group-buying or community model, a...
- Udaan eyes 100% growth in FY22Udaan said it has invested over Rs 4,000 crore in the past 12-18 months across technology, supply chain, and other areas
- Udaan raises $225 million from DST Global, Lightspeed to become India's fastest UnicornThe company, founded by former executives of Flipkart, is in advanced talks to raise $225 million from investors.
- Amazon goes brick and mortar with project code-named UdaanAmazon, which is on its way to become India's top online marketplace, has launched a project code-named Udaan to go offline across the coun...
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