Personal Finance

Who is owner of Udaan?

By: Rafael Alejandro Velez GarciaUpdated: April 15, 2021

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In an exclusive interaction with YourStory Founder and CEO Shradha Sharma, Udaan Co-founders Vaibhav Gupta, Amod Malviya, and Sujeet Kumar speak about why they decided not to have a CEO.

Also to know is, what does udaan company do?

Udaan operates an eponymous B2B marketplace that connects small retailers with wholesalers and traders. The platform supports a wide-range of categories from lifestyle, electronics, home and kitchen, staples and toys, to fruits and vegetables.

Additionally, what is the full form of UDAN?

UDAN (Ude Desh ka Aam Naagrik) is an initiative by the government to connect the country's under-served and unserved airports. While under-served airports are those which do not have more than a flight a day, unserved airports are those where there are no operations.

Why is udaan successful?

Why is it successful
For more than a year and a half, Udaan did logistics on subsidized rate and it helped them to gain significant exposure within the community. Another secret sauce for the success of Udaan was the strong founders' team. They were best at what they did in Flipkart and were appreciated for it.

How does udaan earn money?

Udaan funds working capital for its buyers and charge around 15-18 per cent interest on it,” emphasised the sources. Financing working capital has been a major headache for end retailers. They typically end up borrowing from local lenders who charge exorbitantly. Udaan intends to be a working capital 'fund' for them.

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Is udaan a listed company?

UDAAN INDIA PRIVATE LIMITED. Udaan India Private Limited is a Non-govt company, incorporated on 07 Sep, 1994. It's a private unlisted company and is classified as 'company limited by shares'. Company's authorized capital stands at Rs 75.0 lakhs and has 100.0% paid-up capital which is Rs 75.0 lakhs.

Is udaan profitable?

According to media reports, Udaan did revenue of ₹65 crore and incurred a loss of ₹60 crore in FY18. In the same fiscal, IndiaMART did net profit of ₹63 crore and revenue of ₹411 crore. In FY19, India-MART's revenues grew 24 per cent to ₹507 crore and net profit to ₹85.3 crore, 36 per cent higher.

Has udaan ended?

Colors' show Udaan will end on 21 June is the next exclusive news at IWMBuzz.com. Udaan the long-running show on Colors produced by Guroudev Bhalla and Dhaval Gada has had a good run of five and half years. And now the makers and channel only have time to get the show to a logical ending.

What is udaan Flipkart?

UDAAN is about making business easier in India, about making B2B commerce convenient and efficient. India has 50m+ SMBs, who form core of Indian economy and society. They are the entrepreneurial pulse of India. We believe internet is a great equalizing platform.

How Udaan is different from IndiaMART?

Udaan made a conscious call to enable transactions as soon as they started. In comparison, IndiaMART has always been a proponent of the fact that they would enable discovery, and transaction happens elsewhere,” says Rohit Dangayach, CEO, Wholesalebox, a B2B online mobile app-based marketplace for garment retailers.

Is udaan a unicorn?

Bengaluru: Udaan, the fastest Indian startup to achieve the coveted unicorn status, has raised $373.5 million from new and existing investors in an ongoing Series D round. This includes the likes of agritech company NinjaCart, which saw an investment of $89.5 million from Tiger Global.

What is the business model of Udaan?

Udaan operates an eponymous B2B marketplace that connects small retailers with wholesalers and traders. The platform supports a wide-range of categories from lifestyle, electronics, home and kitchen, staples and toys, to fruits and vegetables.

How can I sell my product on udaan?

Easy Registration & On-Boarding
Start to sell on Udaan in a matter of few clicks. We only capture the bare minimum details required and you are up and running.

What is UDAN app?

Udaan's mobile app connects 150,000 traders, wholesalers and retailers in India, enabling small- and medium-sized businesses to do business directly with manufacturers. Indian startup unicorns, of which there are fewer, have historically taken longer to earn their unicorn horns.

WHO launched UDAN scheme?

UDAN
"Ude Desh ka Aam Naagrik" Regional Connectivity Scheme (UDAN-RCS)
Prime Minister(s) Narendra Modi
Ministry Ministry of Civil Aviation (India)
Key people Hardeep Singh Puri
Launched 27 April 2017 Delhi

What is UDAN flight?

UDAN (which stands for 'Ude Desh Ka Aam Nagrik') is a Regional Connectivity Scheme launched by the government that aims to make unserved/underserved airports in small cities operational with regular flights, and offer subsidized airfares to encourage more people to fly.