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UDAAN FMCG BUSINESS
Udaan in talks to raise $50-60 million from existing backers Lightspeed, M&G: sourcesThe Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated a...- Udaan acquires retail tech startup ShopKirana for $88.5 million in stockUdaan has strategically acquired ShopKirana in an all-stock deal to bolster its eB2B presence before its IPO. This move will enhance Udaan'...
- udaan acquires retail-tech startup ShopKiranaudaan, an eB2B platform, has acquired retail-tech startup ShopKirana, bringing Info Edge on board as a shareholder. This acquisition aims t...
- 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 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 announces $340 million series E financingWith this exercise, udaan’s business is fully funded and on course to achieve its objective of becoming profitable in the next 12-18 months.
- udaan reports over 300% rise in premium FMCG packs salesIn the last one year, the FMCG category, in particular, has surged, achieving an impressive two-fold increase in size.
- udaan expands rural network coverage in Uttar Pradesh under ‘Project Vistaar’Project Vistaar aims to empower small retailers and kirana store owners by providing them access to a wide variety of food and fast-moving ...
- Reliance announces distribution partnership with Udaan for Campa ColaThe three Campa flavours on the Udaan platform will be available under multiple price points, including 200 ml, 500 ml and 2,000 ml family ...
- Udaan plans to expand FMCG reach six-fold to 10,000 small towns, villagesUdaan has undertaken an ambitious project by the name of "Project Vistaar' to grow the FMCG business and tap rural opportunities.
- Udaan product shipment jumps six-fold to 1.7 billion in 2022The Lightspeed Venture and Microsoft-backed unicorn had shipped 260 million products, catering to over 22 million orders, and driven by dem...
- Over 150 FMCG brands joined udaan platform in last six monthsudaan has built inclusive tech tools for Bharat, specially catering to the needs of brands, sellers, retailers & manufacturers providing th...
- udaan eyes strong sales in cold beverage segmentTo achieve growth the company is ramping up its inventory and has partnered with beverage makers like Paper Boat, Rasna, Dabur, Redbull and...
- udaan shipped over 260 million products across 1000 cities in 2021Demand for staples products grew by 45% YoY and included 12 lakh tonnes of sugar and oil and 5 lakh tonnes of rice, pulses and flours.
- Udaan’s food & FMCG business achieves 95% YoY growthTo cater to the growing demand, udaan plans to scale its warehouse capacity to 50 million square feet across the country in the next 8 year...
- Udaan’s sale to offer discounts for SMEs, kirana shopsThis sale is aimed at benefitting lakhs of small retailers and kirana shop owners especially from Tier 2, 3 cities.
- Amul, Parle, others stop direct supply to B2B startup UdaanLast week, Udaan filed a complaint with the Competition Commission of India (CCI) against Parle Products, alleging that the company was "ab...
- Udaan announces e-B2B sale to help small businessesUdaan has invested more than Rs 4000 crores in the past 12-18 months across different pillars of business to accelerate and strengthen capa...
- Udaan bets big on lifestyle segment, adds one lakh businesses in 2020Sharing trends from the year, Udaan said the lifestyle segment saw sales of 10 million comfort wear products and slippers across 900 cities...
- Udaan to raise $500 million, valuation may climb 2x to $2.2 billionRound may see new investors like Hillhouse, Altimeter along with existing backers.
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