Udaan Buys ShopKirana To Boost Profitability, FMCG Play

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SUMMARY

With this acquisition, Udaan will deepen its focus on profitability and bolster its presence in FMCG segment

Udaan has not disclosed the financial terms of the deal

Last month, Udaan closed its Series G funding round at $114 Mn

B2B ecommerce platform Udaan has acquired retail tech startup ShopKirana in an all-stock deal to deepen focus on profitability and bolster its presence in FMCG and hotel, restaurant, and catering (HoReCa) sectors.

However, the company did not disclose the financial terms of the deal.

The…



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Udaan Buys ShopKirana To Boost Profitability, FMCG Play


SUMMARY

With this acquisition, Udaan will deepen its focus on profitability and bolster its presence in FMCG segment

Udaan has not disclosed the financial terms of the deal

Last month, Udaan closed its Series G funding round at $114 Mn

B2B ecommerce platform Udaan has acquired retail tech startup ShopKirana in an all-stock deal to deepen focus on profitability and bolster its presence in FMCG and hotel, restaurant, and catering (HoReCa) sectors.

However, the company did not disclose the financial terms of the deal.

The…



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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