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Shrivastava will be the fourth senior exit from the e-commerce major since September last year. Earlier this month, the company said that its group CFO Aditya Pande has decided to move on from the organisation. Last year, Udaan’s CTO Gaurav Bhalotia and Vivek Gupta, the head of essential categories transitioned from the company.

Udaans FMCG business head, Vinay Shrivastava, has resigned amid a series of senior exits at the B2B e-commerce firm. Shrivastava, with nearly four years at Udaan, contributed to significant growth in market share and business. Udaan is restructuring its teams and business verticals, merging essentials with discretionary business. Shrivastavas departure follows the exits of the group CFO and other senior executives since September 2023. The company recently raised $340 million in Series E, but it...

The exit comes after Udaans CBO and CTO also left the startup in September

Some of the world’s biggest private equity firms, asset managers, pension funds and sovereign wealth funds are now sitting on a steep loss on their ......

This year may have been sluggish when it came to overall deal momentum of the tech sector in Indian startup ecosystem, but investors did seem ......

The funding includes a combination of fresh equity as well as the conversion of existing debt (convertible notes) into equity. Udaan plans to use the funds to strengthen customer experience, market penetration, strategic vendor partnerships, and to reinforce long-term capabilities of supply-chain and credit, the release read.

Business-to-business unicorn Udaan has converted some debt into equity as part of its Series E funding round and pushed back its plan to go public ......

The COVID-19 pandemic minted several high-valued companies as the demand for social media skyrocketed when people were physically staying away from one another. Clubhouse, a social audio platform, reached a valuation of $4 billion within a year after it raised funds from Andreessen Horowitz, Tiger Global Management and DST Global. The app crossed $14 million in downloads in the first quarter of 2021, making it a pandemic-era unicorn. But the app seems to have lost its charm post-pandemic, with t

I see three reasons investors would be better off buying stock in Instacart’s rival, DoorDash: Faster growth. more room for expansion, and higher valuation.

President William Ruto is expected to hold discussions with TikTok CEO Shou Zi Chew over the moderation of explicit content on the Chinese video-sharing platform.