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Bengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021. It closed a $340 million financing last December by largely converting debt notes into equity. The round also included a fresh equity infusion. It did not disclose the valuation. ....
Udaan Funding: Bengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021. It closed a $340 million financing last December by largely converting debt notes into equity. The round also included a fresh equity infusion. It did not disclose the valuation. ....
Udaan’s layoffs come because of a fundamental shift in the way it operates. The number of laid-off employees could amount to a figure higher than 150 also. ....
Most of the job cuts happened in the go-to-market (GTM) team, which handles relationships with sellers, among other responsibilities, people in the know said. The layoffs, the sources explained, were due to redundancies following a rejig of the business in September. ....
The latest week saw about 84% of the total capital being deployed in growth- and late-stage startups. Besides Udaan, it included the likes of agritech firm Vegrow, fintech firm Aye Finance and electric vehicle battery tech firm Exponent Energy. ....