Udaan lays off 100 employees days after ₹2,800 crore fundraise

Business-to-business e-commerce platform Udaan has laid off about 100 employees, days after finalising a ₹2,800 crore ($340 million) fundraise, reports said on Monday. The move is a result of the merger of its essentials business with its discretionary business, NDTV Profit reported. Days ago, Udaan said its latest funding round made the company "fully funded".