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E-commerce startup Udaan to trim costs ahead of 2025 IPO

Udaan, which competes with Reliance Industries Ltd. and Walmart Inc.’s Flipkart in helping smaller merchants source their goods, will make an operating profit within 18 months, Chief Executive Officer Vaibhav Gupta said in an interview. That’s set to happen around the same time as its initial public offering, he said. ....

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udaan reports over 300% rise in premium FMCG packs sales

In the last one year, the FMCG category, in particular, has surged, achieving an impressive two-fold increase in size. ....

Vinay Shrivastava , Fast Moving Consumer Goods , Average Order Value , E B2b Platform , Self Service ,

prudential: UK's Prudential may lead Udaan downround; below $2 billion value seen

The Lightspeed India-backed startup is likely to see a significant drop in its valuation, to under $2 billion during the new financing round compared with its last peak valuation of $3.2 billion, said people aware of the contours of the deal being discussed. ....

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Byju's plans a PE lesson for Aakash; inside Udaan's funding

Byjus is talking to a few private equity firms to offload a controlling stake in Aakash Institute, one of the beleaguered edtechs prime assets, sources told us. This and more in todays ETtech Morning Dispatch. ....

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Udaan halves EBITDA burn YoY in June 2023, registers 2X growth in Q2FY24 for FMCG, ET Retail

Commenting on the fall in Udaan’s overall FY23 revenue and the impact on FMCG business, he said, “The contribution of FMCG in Udaan is expected to grow further from 30%. With a wider selection, reach and more acceptance, I see FY23 to be much stronger than 22.” ....

New Delhi , Vinay Shrivastava , Trustroot Internet , Financial Year ,