Any possibility of esop buybacks?
No monie, no honie :)
There are people who if possible would want to sell all of their esops at current valuation or even half of the valuation just to get some money out from udaan.
ESOP buy back not in picture till IPO which is doubtful. Mostly this firm will be sold to Tata / Flipkart / reliance in 1.5 years.
As of now credit (UdaanCapital ) is making money
400 million being raised at 1.5-1.6 post money valuation .
Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.
Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-dr...
The picture isn't as rosy as this headline makes it seem. Basis what I hear, 50-60% drop in valuation. Their last val...
While 340 million funding seems big, it is nothing in terms of Udaan's annual losses and can give them a runway for year and a half.
Guys any tips for people working in Udaan
