Business-to-business (B2B) e-commerce platform Udaan, which raised $120 million just last month, has sacked nearly 350 employees who were on the regular payroll, while asking hundreds of contractual workers to leave too.Company sources .
Earlier this year, Udaan raised $250 million, $200 million in convertible notes and $50 million in debt. In the calendar year 2021, Udaan raised $500 million, taking its total raise to $1.4 billion to date.