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UDAAN OPERATIONS
Early-stage vertical commerce startups continue to draw VC interest across beauty, fashion, servicesInvestors are pouring money into quick commerce startups across fashion, beauty, and services. Companies like Firi, Dazzl, and Klydo are se...
Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focusThe venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target siz...
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...
AITS raises $4 million in pre-series A to expand Rysen School network across IndiaInvestment by Big Capital, Redbrook Fund to accelerate expansion of the Rysen School network and strengthen its future-ready, technology-in...
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 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 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 eyes $100 million from UK’s M&G, others at flat valuationUdaan has been scaling down operations to cut its burn in a tightening liquidity market. The company has now refined its strategy, concentr...
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 CFO Aditya Pande resigns; firm announces senior-level changesKiran Thadimarri, group finance controller, will be elevated to the executive management team. Further, Vishnu Menon, head - corporate stra...
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 lays off over 100 employees shortly after $340 million fundraiseMost of the job cuts happened in the go-to-market (GTM) team, which handles relationships with sellers, among other responsibilities, peopl...
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...
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.
udaanCapital enables credit of Rs 2200 crore to over one lakh retailersudaanCapital’s proprietary risk algorithms leverage alternate datasets such as transaction patterns and trade invoices to pre-select borrow...