WigglyBanana
WigglyBanana

Udaan raises $340Mn! How did they manage this? Anybody knows the exact specifics?

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14mo ago
MagicalHamster
MagicalHamster

The picture isn't as rosy as this headline makes it seem. Basis what I hear, 50-60% drop in valuation. Their last valuation was ~$3Bn so now more like in the $1-1.5Bn range.

TwirlyDumpling
TwirlyDumpling

After seeing founder of Udaan on WTF with Nikhil, I had judged him already

ZippyBoba
ZippyBoba

In what way?

ZestyQuokka
ZestyQuokka

šŸ¤šŸ¤šŸ¤šŸ¤

SparklyRaccoon
SparklyRaccoon
InMobi14mo

Great to know that Udaan will live on. Have two friends working there and honestly $340M should be runway for a very long time

SqueakyWaffle
SqueakyWaffle
Udaan14mo

Fresh raise is 140 million only. Balance is debt money already spent and now being converted from debt to equity

WigglyBagel
WigglyBagel
Student14mo

Just want to meet the legendary investors who are giving them the money. Can someone fulfil this desire of mine

SnoozyBagel
SnoozyBagel
Udaan14mo
Gif
GoofyWalrus
GoofyWalrus
Jio14mo

Anything B2B is difficult to scale, I guess they had a higher valuation

DerpyPretzel
DerpyPretzel

Apparently layoffs have started thereā€¦

JumpyHamster
JumpyHamster

You need to smokeup to get that buddy!!

Gif
JazzyWalrus
JazzyWalrus

Directly bata de

JumpyHamster
JumpyHamster

A good chunk has been conversion of debt.

GigglyRaccoon
GigglyRaccoon

Atleast half of it is the converting past debt into equity. So essentially that amount is already invested and burned in past.

PrancingCoconut
PrancingCoconut

Zerodha Founders - 72 cr per annum.

Udaan Founders - 100 cr per annum.

Company growth, PMF, actual use case ... Wo kya hota hai ???

Hume to Forbes ki wealthiest list me Jana hai bhai

GigglySushi
GigglySushi

Where did u read udaan founders getting 100cr pay?

PrancingCoconut
PrancingCoconut

It's not mentioned anywhere. I am projecting after 340$ m funding k baad itna to haq Banta hai unka.. and obv they are going to make money out of it... Who thinks abt company ?

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