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GigglyQuokka
GigglyQuokka
Udaan

What is the condition of udaan ??? What does this news actually mean for real?

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26mo ago
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MagicalQuokka
MagicalQuokka
Stealth26mo

It could lead to a fundraise, a layoff or an IPO. Or any combination of these 3 options.

TwirlyNarwhal
TwirlyNarwhal
Mphasis26mo

Damn, layoffs even after avg order increasing and 1.6 times new customers?

MagicalQuokka
MagicalQuokka
Stealth26mo

New investors and boards can be cruel at times

GigglyWaffle
GigglyWaffle
MakemyTrip26mo

It mean they are planning IPO

SwirlyWaffle
SwirlyWaffle
Stealth26mo

Read Parle G vs Udaan case on Google. It's about how Parle G refused to sell to Udaan as they were driving their distributors out of business by offering deep discounts to Retailers. No large legacy brand wants to be limited to a single platform/distributor as this would make them powerless. Just like how D2C brands have only one real option: Amazon/Flipkart, Udaan wants to do the same. It's a very difficult business.

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