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Udaan (company)

From EverybodyWiki Bios & Wiki
Udaan
Type
Private
Founded 📆2016
Founder 👔Vaibhav Gupta, Amod Malviya, Sujeet Kumar
Headquarters 🏙️Bengalore,
Area served 🗺️
RevenueEst. $20-25Million
Total assets$2.7 billion
Members
Number of employees
Est.17000
ParentHiveloop Technology pvt.ltd
Website[Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] 
address
telephone

Udaan is an Indian business-to-business e-commerce company based in Bangalore.[1][2][3] The company is India's fastest Unicorn. It was founded by former Flipkart employees Amod Malviya, Vaibhav Gupta, and Sujeet Kumar in 2016.[4] In August 2019, Udaan got $300 million funding from investors such as GGV Capital, bringing the valuation of the company to over $2 billion.[5]

It was registered as Hiveloop Technology pvt.ltd. in 2016. It picks up products from manufacturers and sellers in 80-100 cities and delivers across 800-900 cities and towns across India. It has 130,000-150,000 buyers and sellers on its platform and operates in the apparel, electronics, staples and fast moving consumer goods, clothing accessories, home appliances, kitchenware, toys, stationery, footwear and babycare.

References[edit]

  1. Bansal, Varsha; Chanchani, Madhav (2018-09-03). "Udaan raises $225 million from DST Global, Lightspeed to become India's fastest Unicorn". The Economic Times. Retrieved 2019-08-31.
  2. Bansal, Varsha (2019-08-30). "B2B unicorn Udaan raises $373.5 million, valuation soars to $2.3 billion". Livemint. Retrieved 2019-08-31.
  3. Chanchani, Madhav (1 July 2019). "Vegetables to smartphones: Udaan's on $1-trillion quest". The Times of India. Retrieved 2019-08-31.
  4. "How India's fastest unicorn Udaan took wings". DNA India. 2019-08-22. Retrieved 2019-08-31.
  5. "Udaan gets $300 million from Altimeter, GGV, others". The Times of India. 31 August 2019. Retrieved 2019-08-31.

External links[edit]


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