RudeFiddle
Thoughts on Udaan laying off ~150 folks after raising $340 million in capital
Is this really justified in the name of restructuring the company after funding?
11mo ago
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Curated from across
Is this really justified in the name of restructuring the company after funding?
This will probably be their last round of funding before the IPO or to get profitability so they are cost cutting and will be using the money very judiciously. They can’t do much in this case as they have to follow the conditions of investors to secure the funding.
Silent layoffs in udaan across category and support functions
The picture isn't as rosy as this headline makes it seem. Basis what I hear, 50-60% drop in valuation. Their last val...
Friend works there. He kind of confirmed. Company is still struggling to find profitability. Not much margin in fmcg and food segment, which is their biggest pie of orders.
