Udaan bounces back after Covid-19 doldrums; in talks to raise $150-200 mn

Udaan has products across categories such as lifestyle, electronics, home and kitchen

The year 2020 posed one of the biggest leadership tests for three friends and former Flipkart executives, Amod Malviya, Sujeet Kumar, and Vaibhav Gupta, who founded Udaan, a business-to-business e-commerce start-up in 2016.
 

After raising $585 million from marquee investors in October 2019 and gaining recognition as India’s fastest-growing unicorn, Udaan’s business model found itself severely disrupted by the coronavirus pandemic.
 

At one stage during the lockdown, the Bengaluru-based firm is learnt to have lost almost 60 per cent of its business. It had to lay off 10-15 per cent of its contract staff, leading to the loss of around