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3 Flipkart employees left their jobs & built $1.8 billion company
short by Infomance / on Monday, 10 June, 2024
Udaan, a B2B startup in India, was founded in 2016 by Amod Malviya, Sujeet Kumar, and Vaibhav Gupta. The company aims to streamline transactions and empower small and medium-sized businesses. By 2020, it had a valuation of $7.5 billion. Despite generating $865 million in revenue, Udaan faced a $640 million loss, highlighting challenges in rapid expansion and market penetration.
read more at Infomance