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Udaan s FMCG business head, Vinay Shrivastava, has resigned amid a series of senior exits at the B2B e-commerce firm. Shrivastava, with nearly four years at Udaan, contributed to significant growth in market share and business. Udaan is restructuring its teams and business verticals, merging essentials with discretionary business. Shrivastava s departure follows the exits of the group CFO and other senior executives since September 2023. The company recently raised $340 million in Series E, but its valuation reportedly fell to around $1.8 billion in a down round. ....
India Circus: “In Europe we are working on a business partner who will do the warehousing for us in Northern England, so the European shipment time is reduced,” said Mehta adding that going forward, the brand will explore strategic warehousing in other zones such as the US and the Middle East. ....
Talking to ETRetail on the sidelines of CEAMA’s 44th annual function, Vachani shared the industry body’s agenda for the upcoming year along with the key challenges. He said that the association will be working towards ensuring that India becomes the world s largest market and the next hub for manufacturing products for the world. ....
Haldirams: Talking to ETRetail, Avin Agarwal, director, Haldiram’s Nagpur said, “We are targeting about a 20 - 25 % increase compared to last year. Though it is a strong number, we expected a much higher number that got affected by the downfall.” ....