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UDAAN CEO
Udaan’s pre-IPO top-up; Tata’s Assam chip hub test runHappy Monday! Udaan is in talks to raise fresh funds amid IPO talks. This and more in today's ETtech Morning Dispatch.- Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
- UPI’s Bharat push; Udaan preps reverse flipHappy Wednesday! NPCI is turning its attention to smaller states and the northeast, hoping to spark the next wave of UPI growth. This and m...
- Udaan closes latest funding round at $114 million led by UK’s M&G, LightspeedThe company said that this fresh capital will be deployed towards strengthening its footprint with a focus on categories such as fast-movin...
- 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 raises $75 million from UK’s M&G, Lightspeed at flat valuationCEO Vaibhav Gupta stated that an additional $25 million could be expected in the upcoming quarter. The investment comes as the Bengaluru-ba...
- udaan partners with government, SIDBI to transform Fair Price Shops into ‘Jan Poshan Kendras’The initiative aims to boost dealer incomes and improve nutrition. Initially, 60 shops across four states are involved, with the potential ...
- 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 $340 million in funding from UK’s M&G Prudential, othersThe funding round also saw participation from existing investors such as Lightspeed Venture Partners and DST Global, the firm said in a sta...
- Ecommerce startup Udaan to trim costs ahead of 2025 IPOLightspeed Venture Partners-backed Udaan is among startups trying to tap the rapid growth of India’s economy and consumer market, while mee...
- Udaan fires over 1,000 employees in second round of layoffsThis is the second round of layoffs for Udaan after it laid off 180-200 employees, or 5% of its workforce, in June. Back then as well, the ...
- 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.
- Udaan fires 180-200 staff, 5% of its workforce, to cut costsA company spokesperson confirmed the development to ET without disclosing the number of employees it had fired.
- udaanCapital partners with Northern Arc Capital to facilitate disbursal of credit to over 50,000 kiranas on their platformThe company currently facilitates disbursal of over Rs 8000 crore of credit per annum to over 1.5 lakh kiranas/small businesses across the ...
- Microsoft joins Udaan’s debt funding roundWith this, Udaan has now raised a total of $225 million through convertible notes.
- 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 names cofounder Vaibhav Gupta as CEO, eyes IPO in 18-24 monthsAmod Malviya and Sujeet Kumar, the other two cofounders, will support the effective functioning of a "CEO-led organisation" and will contin...
- Udaan rejigs board, co-founder, Vaibhav Gupta, appointed as CEOThis is in line with the evolution needed for udaan to become a publicly listed entity over the next 18-24 months.
- The road less taken: Udaan co-founder on working for Flipkart, starting his own company & success in B2B spaceUdaan’s co-founder sheds light on the company’s success story.
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