Udaan acquires ShopKirana to boost FMCG play, ropes in Info Edge as shareholder

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Udaan has acquired ShopKirana in an all-stock deal, marking a strategic consolidation in the eB2B space ahead of its planned IPO.

The acquisition aims to strengthen Udaan’s position in key categories like staples, FMCG, and HoReCa by adding ShopKirana’s kirana network and category expertise.

The two platforms will combine their tech, supply chain, and credit capabilities to drive operational efficiency, expand geographic reach, and improve unit economics, a press statement from Udaan said.

The deal comes on the heels of Udaan’s $114 million…



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Udaan acquires ShopKirana to boost FMCG play, ropes in Info Edge as shareholder



Udaan has acquired ShopKirana in an all-stock deal, marking a strategic consolidation in the eB2B space ahead of its planned IPO.

The acquisition aims to strengthen Udaan’s position in key categories like staples, FMCG, and HoReCa by adding ShopKirana’s kirana network and category expertise.

The two platforms will combine their tech, supply chain, and credit capabilities to drive operational efficiency, expand geographic reach, and improve unit economics, a press statement from Udaan said.

The deal comes on the heels of Udaan’s $114 million…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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