Udaan
| Private | |
| ISIN | 🆔 |
| Founded 📆 | 2016 |
| Founder 👔 | Vaibhav Gupta, Amod Malviya, Sujeet Kumar |
| Headquarters 🏙️ | Bengalore, |
Area served 🗺️ | |
| Revenue🤑 | Est. $20-25Million |
| Total assets | $2.7 billion |
| Members | |
Number of employees | Est.17000 |
| Parent | Hiveloop 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]
- ↑ 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.
- ↑ Bansal, Varsha (2019-08-30). "B2B unicorn Udaan raises $373.5 million, valuation soars to $2.3 billion". Livemint. Retrieved 2019-08-31.
- ↑ Chanchani, Madhav (1 July 2019). "Vegetables to smartphones: Udaan's on $1-trillion quest". The Times of India. Retrieved 2019-08-31.
- ↑ "How India's fastest unicorn Udaan took wings". DNA India. 2019-08-22. Retrieved 2019-08-31.
- ↑ "Udaan gets $300 million from Altimeter, GGV, others". The Times of India. 31 August 2019. Retrieved 2019-08-31.
External links[edit]
- https://timesofindia.com/companies/vegetables-to-smartphones-udaans-on-1-trillion-quest/articleshow/70010225.cms
- https://tech.economictimes.indiatimes.com/news/internet/ettech-top-5-udaans-valuation-jump-qr-codes-digital-payment-firms-and-more/70426465
- https://www.livemint.com/Companies/OHEt94i9Nz5mQEyP3odZwJ/B2B-online-marketplace-Udaancom-raises-10-million-from-Lig.html
- https://inc42.com/buzz/udaan-funding-2/
- https://www.cnbctv18.com/startup/journey-of-udaan-the-startup-to-become-indias-fastest-unicorn-712671.htm
- https://www.inventiva.co.in/2019/08/24/udaan-an-ecommerce-providing-platform-for-all-business-wholesalers-and-retailers-helping-everyone-leverage-their-business/
- https://www.moneycontrol.com/news/business/startup/e-commerce-start-up-udaan-looking-at-500-million-in-a-new-round-of-funding-report-4259961.html
- https://www.dnaindia.com/business/report-how-india-s-fastest-unicorn-udaan-took-wings-2783795
- https://www.livemint.com/companies/start-ups/tiger-global-invests-300-million-so-far-this-year-in-indian-firms-1564415054754.html
- https://tech.economictimes.indiatimes.com/news/startups/hiveloop-raises-139-crore-funding-from-trustroot/69257893
- https://www.paymentsjournal.com/the-making-of-indias-fastest-unicorn-udaan/
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