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Udaan

Udaan secures $75 million in funding round led by M&G, to raise another $25 million in 3 months

Udaan secures $75 million in funding round led by M&G, to rai...

Mon, Feb 17, 2025

The Series G funding round, led by M&G Plc and supported by existing investors like Lightspeed Venture Partners, comes after a USD 340 million fundraise in December 2023.

IIT Kanpur launches UDAAN programme to boost drone startups in India

IIT Kanpur launches UDAAN programme to boost drone startups in In...

Sat, Jun 08, 2024

The launch was part of a partnership between SIIC, the Centre of Excellence for Capacity Building, Training, and Design of Unmanned Aerial Vehicles at IIT Kanpur (Drone CoE Kanpur), an initiative by the Government of Uttar Pradesh, and the Drone Federation of India (DFI).

Udaan Group CFO quits amid senior-level rejig

Udaan Group CFO quits amid senior-level rejig

Mon, Jan 22, 2024

The CFO's role will now be taken care of by Kiran Thadimarri, Group Finance Controller, and Vishnu Menon, who heads corporate strategy and investor relations.

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Reliance Consumer Products, udaan partner for pan-India distribution of Campa beverages

Reliance Consumer Products, udaan partner for pan-India distribut...

Thu, Apr 27, 2023

RCPL's (Reliance Consumer Products Ltd) range of Campa beverages will be initially available in over 50,000 retailers and kirana stores, which will gradually expand to over 1 lakh retailers and kirana stores in the next two months, udaan said.

B2B e-commerce startup Udaan lays off 350 employees after raising $120 mn

B2B e-commerce startup Udaan lays off 350 employees after raising...

Mon, Nov 07, 2022

Despite the funding winter, Udaan last month raised $120 million in convertible notes and debt, as it plans an initial public offering (IPO) in the next 12-18 months.

Cost-cutting measures: B2B unicorn startup Udaan fires around 300-350 employees

Cost-cutting measures: B2B unicorn startup Udaan fires around 300...

Sun, Nov 06, 2022

Few of the employees told PTI that they were intimated about the layoff on Friday morning and told that the human resource department will reach out to them for final paperwork.

Udaan raises $120 mn in funding winter, plans IPO in 12-18 months

Udaan raises $120 mn in funding winter, plans IPO in 12-18 months

Sun, Oct 30, 2022

The Bengaluru-headquartered startup improved its unit economics by "1,000bps with equally strong improvements in both gross margins and operating cost.

E-commerce platform udaan registers 95% growth in food and FMCG business

E-commerce platform udaan registers 95% growth in food and FMCG b...

Tue, Nov 23, 2021

Business-to-business (B2B) e-commerce platform udaan on Tuesday said it saw over 95 per cent growth (on-year) for its food and FMCG business in October this year.

Udaan names co-founder Vaibhav Gupta as CEO, plans IPO in 18-24 months

Udaan names co-founder Vaibhav Gupta as CEO, plans IPO in 18-24 m...

Fri, Sep 10, 2021

A stellar response to Zomato's IPO, and a profitable listing in July has prompted a number of internet-led businesses to make a beeline for this route.

Boost to UDAN International: SpiceJet to start flights on Guwahati-Dhaka route from July 1

Boost to UDAN International: SpiceJet to start flights on Guwahat...

Sun, Jun 02, 2019

SpiceJet announced on Sunday that it will start flights on the Guwahati-Dhaka-Guwahati route from July 1 onward under the central government scheme - UDAN International.

How Flipkart grew many employees into successful entrepreneurs, Udaan, Curefit to Arzooo, check them all

How Flipkart grew many employees into successful entrepreneurs, U...

Tue, Jul 31, 2018

Flipkart’s chief people officer Mekin Maheshwari left the company in 2016 - a year when Flipkart saw a mass exodus of its senior employees. An active angel investor, Mekin went on to launch Udhyam Learning Foundation in 2017, to encourage self-employment and grassroots entrepreneurship.

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