Udaan - B2B trade platform.
The company was established by Sujeet Kumar, Vaibhav Gupta and Amod Malviya, who were former executives of Flipkart in 2016. It is a tech-based firm that offers B2B e-commerce solutions. It has gained a network of more than 3 million users in 900 cities. It helps in connecting India's more than 25000 sellers.
Thousands of brands and organizations, including Boat Lifestyle, PepsiCo, LG, ITC, and many others, have inked contracts with this company. The company achieved unicorn status in a quick amount of time in 2018. Udaan recently received $280 million from investors. The company has raised $1.15 billion and with a market capitalization of up to $3.1 billion.
According to the Udaan co-founder, the COVID-19 pandemic has accelerated the development of the digitally guided evolution of the unorganised Indian trade retail industry. In this situation, Udaan has the chance to maintain its position as the nation's top provider of e-commerce platforms.
According to Entracker, Udaan is utilising a brand-new app called Pickily to enter into B2C markets. The Google Play Store has a live version of the app that provides FMCG products from several Bangalore locales. With this endeavour, the business will be able to compete with businesses in the same industry as Big Basket, Swiggy Stores, Flipkart, and others.