RetailIN

Udaan Layoffs

June 2022

Udaan announced a layoff affecting 180 employees (4% of its workforce) in June 2022. The company operates in the Retail sector.

People Affected

180

Percentage

Announced Date

Jun 27, 2022

About

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.