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UDAAN TECHNOLOGY VERTICAL
Swiggy’s Rs 5,085 crore raise ahead of IPO; PB Fintech’s financialsThe anchor portion of Swiggy's initial public offering (IPO) closed on Tuesday. This and more in today’s ETtech Morning Dispatch.- 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.
- UK’s Prudential may lead Udaan down round; below $2 billion value seenThe Lightspeed India-backed startup is likely to see a significant drop in its valuation, to under $2 billion during the new financing roun...
- Bose picks up minority stake in Noise; Udaan fires over 100 employeesIn what could potentially strengthen homegrown audio accessories and wearables brand Noise’s foothold in a tightly contested segment, the c...
- 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...
- Zerodha's Nikhil Kamath invests Rs 100 crore in Nazara; Udaan CTO to exit amid rejigGame on! Online gaming and media firm Nazara Technologies on Monday said it was raising Rs 100 crore from Nikhil Kamath, cofounder of retai...
- Udaan CTO Gaurav Bhalotia to exit as B2B startup rejigs units, rolesThe company said that the technology vertical would be split into separate ‘product’ and ‘engineering’ functions. While Siddharth Reddy wil...
- udaan announces organisational changes in business and tech verticalsWhile the Essentials business will be integrated with the Discretionary business, the product and engineering will branch out as separate f...
- ETtech Long Read: Why China’s group buying model hasn't clicked in IndiaUnder group buying, companies sell products at much lower prices to customers provided they place orders as a group. Chinese internet firms...
- Healthtech startup PharmEasy lays off more employeesThe layoffs were attributed to a variety of factors, including restructuring, macroeconomic headwinds, and the ongoing Russia-Ukraine confl...
- Tata Neu CTO Sauvik Banerjjee quits four months after launchHis exit comes just four months after the Mumbai-based conglomerate launched the much-hyped ‘super app’ in April . Neu was launched with a ...
- Govt to plug Aadhaar gaps, curb misuse; Udaan ‘on track’, CEO tells staffUIDAI also plans to integrate its data with death registration records to prevent people from using Aadhaar numbers of deceased citizens to...
- Simplilearn makes senior appointments amid push for growth in key industry domainsThe company has increased its workforce from 1,400 to around 2,200 in the past year. With the appointments of these new executives, the com...
- The big venture capital movements in 2021The year has also been busy with people movement. The churn was largely driven by top executives seeking better opportunities in internatio...
- Udaan gets going on groceries; crypto players feel the heatScrappy B2B ecommerce upstart Udaan and Tata Digital-owned BigBasket are taking different approaches to corner as much as possible of India...
- Insurtech startup Bimaplan raises $2.5 million from Amino Capital, othersBimaplan’s latest funding round is a precursor to a larger Series A round, which is expected to be closed in another six to nine months, fo...
- Udaan sees a big take-off from small citiesThe comeback is also in part due to the collapse of offline B2B retail channels in the country, hurt by travel and access restrictions due ...
- As growth dips, startups shed jobs and conserve cash to stay afloatStartups are closely looking at all major business functions as demand dives. Some of India’s top unicorns have also stopped hiring plans a...
- Flipkart’s wholesale unit may go live next quarterFlipkart has over the last few months ramped up its supply chain capabilities and engagements with manufacturers in the run-up to the launc...
- 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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