The picture isn't as rosy as this headline makes it seem. Basis what I hear, 50-60% drop in valuation. Their last val...
Udaan almost fired 60% staff
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.
Though procurement gives good numbers to talk as revenue, but at the end of the day procurement is always a cost. Instead one should focus on adding value to this cost centrex and earn out of it.
After 2nd round firing this is next one right?
Finally total of 60% employees