Udaan

Udaan laid off 100 employees representing approximately 10% of its workforce on 2023-12-18.

Indian B2B ecommerce unicorn Udaan has laid off 350 full-time employees in its second major workforce reduction this year, following 180 layoffs in June. This move is part of the company's ongoing drive to achieve profitability and enhance operational efficiency. A company spokesperson cited an evolution in its business model and an efficiency enhancement drive as creating redundancies, making some roles no longer necessary. While the official figure is 350, some reports suggest the total number affected could be higher. Headquartered in Bengaluru, Udaan, which connects SMEs, wholesalers, and retailers, has been actively raising funds through debt and convertible notes while focusing on improving its unit economics and cost structures.

B2B ecommerce unicorn Udaan has laid off around 180 employees as part of cost-cutting measures to enhance efficiency and achieve sustainable growth, confirmed in June 2023. While the company stated the layoffs affected approximately 180 staff, some sources suggest the number could be as high as 600. Founded in 2016 and based in Bengaluru, Udaan operates as a major platform connecting SMEs, wholesalers, and retailers across India, with a network spanning 900 cities. The layoffs follow a $250 million debt funding round raised just six months prior, highlighting the ongoing adjustments in the competitive Indian startup landscape to refine cost structures and pursue profitability.