By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Indian B2B Unicorn Udaan Hires 100+ Employees after Funding Round
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
e-Commerce

Indian B2B Unicorn Udaan Hires 100+ Employees after Funding Round

Sana Rizwan
Last updated: February 12, 2024 1:45 pm
Sana Rizwan
Share
2 Min Read
SHARE
  • Udaan fires 100+ after raising $340M despite attaining the fastest Indian unicorn status.
  • Cuts target redundancies accelerate path to profitability ahead of planned IPO.
  • Repeated workforce trimming suggests a focus on leanness, even with external funding.

Contents
Post-Funding LayoffsPath to SuccessContinuous Optimization

Post-Funding Layoffs

B2B e-commerce platform Udaan has laid off approximately 100-120 employees just days after raising $340 million in Series E funding, Tech in Asia has learned.

The latest cuts come as the Indian unicorn aims to accelerate its push towards profitability.

An Udaan spokesperson confirmed the redundancies to Tech in Asia, stating, “We continue to make relevant interventions to our already proven business model” while remaining customer-focused.

Path to Success

Impacted employees will receive assistance, including insurance, compensation, and placement support.

But the move signals Udaan trimming inefficiencies even after major funding rounds. It follows 300+ dismissals last November, shortly after a $120 million raise.

The Lightspeed Ventures-backed startup enables 3 million small manufacturers, farmers, and brands to sell online across India’s towns and cities.

Founded in 2016, Udaan attained unicorn status faster than any Indian startup. However, its path to profitability has necessitated streamlining amid broader B2B struggles in India.

Continuous Optimization

The company still targets an IPO within 18 months. While funding continues, Udaan appears intent on leanness by continually assessing workforce optimization.

The latest round of cuts suggests the unicorn will stay decisive on costs despite external capital, keeping profitability the priority to enable its public listing goals.

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article Shein Sued by Rival Temu Over Alleged ‘Mafia Tactics’
Next Article Malaysian Startup Pivots to Tap Coming ‘Silver Tsunami’

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Food techSaaS

Delivery Hero Denies Rumors its Foodpanda Sale to Grab Collapsed

February 12, 2024
Strategy

Chris Donnelly’s 25 Invaluable Lessons for Founders to Drive the Entrepreneurial Journey

March 26, 2024
Crypto & Web3

Crypto.com Forges Banking Alliance Deutsche Bank Across Asia

December 16, 2024
Crypto & Web3

Trump Taps Tech Veteran David Sacks for Crypto and AI Strategy

December 10, 2024
Mobility

Uber Gears Up for South Korean Market Showdown

September 4, 2024
SaaS

Greg Isenberg Predicts Why “Pay What You Want” is the Future of SaaS

July 10, 2024
SaaS

Toku Set to Acquire AiChat, Eyeing 50% Revenue Surge

April 25, 2024
FAANG

Apple CEO Tim Cook’s Upcoming Indonesian Venture

March 29, 2024
AI

OpenAI to Establish First Asian Office in Tokyo

April 4, 2024
FintechStartups

BayaniPay Secures $3M Series A Extension, Totaling $9.6M

June 17, 2024
Edutech

Riiid Makes Play for English Learning Market with Qualson Acquisition

February 12, 2024
Deep Tech

A Glimpse into the Future Through Humanoid Robots

July 2, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?