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Introducing the second episode of our Leadership Series, "???????????????? ?????? ????????????: ???????????????? ???????? ?????? ??????????????." In this episode, Abhilash Pillai, Head - Customer Platform and Retail Product Management, udaan, shares his insights on how our relentless focus on Customer Excellence drives every aspect of our operations. Abhilash highlights how our customer-first approach fosters growth, fuels innovation, and helps our partners and customers thrive in a rapidly evolving market. Don’t miss this deep dive into how #udaan is building a customer-centric ecosystem in Bharat! #BuildingforBharat #CustomerExcellence #CustomerFirst #BharatKaEcommerce

The next episode of our Leadership Series - Building for Bharat: Insights from Our Leaders is here! Curious to know more about how udaan's customer-first approach is transforming the eB2B ecosystem across Bharat? #StayTuned to know how we are driving customer excellence, and shaping the future of business in Bharat! #udaan #BharatKaEcommerce #BuildingForBharat #CustomerExcellence

On National Entrepreneurship Day, we celebrate the bold ideas, perseverance, and unwavering drive that define entrepreneurs. At udaan, we take immense pride in being a part of #BharatKaEcommerce, where we empower entrepreneurs across Bharat to grow, innovate, and succeed. Here’s to the visionaries who turn dreams into reality and to the entrepreneurs who are shaping the future of our Nation! #udaan #Entrepreneurs #Entrepreneurship #NationalEntrepreneurshipDay #India #BusinessLeaders

It has been a eventful journey at udaan the last year. We filed the results for FY 23-24. Sharing a few highlights below... udaan’s financial performance for FY23-24 reflects its commitment to building a robust, profitable and resilient business. With revenue reaching INR 5,700 crores for FY23-24, we have made significant strides toward profitability, reducing EBITDA burn by 40% year-on-year to ~INR 900 crores. Our solid operational performance this year stems from the strategic business reorganization initiated 8-9 quarters back and disciplined cost optimization initiatives, leveraging synergies to fuel sustainable growth while maximizing efficiency. A 35% reduction in SG&A expenses exemplifies the operating leverage embedded in our new, robust playbook model. During last 24 months, we made strategic choices that helped us bolster our operational foundation, such as Micro Market Strategy and enhancements of our ‘Go-To Market’ (GTM) and Supply Chain capabilities. These initiatives are already showing strong results, with our operational EBITDA improving this fiscal and monthly buyer repeat rates exceeding 90%. Additionally, we have strengthened our balance sheet following our equity funding of USD 340 million in December 2023 and our latest debt funding of INR 300 crores. Our investments in technology, supply-chain and various customer-first initiatives have been critical enablers of efficient growth while delivering values across various touchpoints - from buyer experience to supply-chain and vendor relations. In Calendar Year 24, year-to-date (YTD), udaan has achieved consistent growth highlighting the strength of its strategic approach and implementation of the new design playbook in the marketplace. The company is on track to achieving profitability, with an impressive 60% revenue growth and over a 50% increase in daily transacting buyers, driving deeper market penetration and increasing wallet share among retailers. Additionally, gross margins have improved by 200 basis points and contribution margins by 300 basis points YTD, alongside a 20% increase in buyer wallet share and monthly repeat ratio of over 90%. Most notably, during the period the company achieved a 30% reduction in absolute EBITDA burn, underscoring consistent focus on driving sustainable growth through efficiency enhancement and superior execution. We are well-positioned to continue driving impactful and sustainable growth, while remaining committed to creating long-term value for our stakeholders.

At #udaan, we celebrated Diwali by embracing the spirit of togetherness, joy, and gratitude! ?? From vibrant decor to heartfelt connections, our celebrations were a reminder of the power of unity and positivity. Here’s a glimpse into our festivities as we welcomed this special season with warmth and enthusiasm. ?? Wishing everyone a Diwali filled with prosperity, happiness, and light. May this festive season bring endless opportunities and growth to all! ??? #BharatKaEcommerce #HappyDiwali #Diwali2024

Kiran Thadimarri, Senior Vice President, Group Finance, udaan, said, "The latest round of debt funding highlights the confidence of investors in udaan’s business model and the huge potential that the Indian eB2B market offers. It’s an endorsement of the consistent quarter-on-quarter growth achieved by the company over the last ten quarters through its various ‘customer-first’ initiatives. This funding will further strengthen our financial position, providing the flexibility to double down on key strategic initiatives such as expanding our Cluster model to drive operational excellence enabling us to continue on our path to profitability while solidifying our market position." The latest debt funding will further strengthen udaan’s balance sheet while offering flexibility to invest and continue leading the eB2B market in the changing market dynamics. With this capital infusion, udaan will scale its geographical footprint through ‘Micro-Market strategy’. Read the full story in The Economic Times - https://bit.ly/3NKYQXw #udaan #BharatKaEcommerce

?????????? ???????????? ?????????? ???? ? ?????? ???? ???????? ?????????????? ???????? ?????????????? ?????????? - Lighthouse Canton, Stride Ventures , InnoVen Capital India and Trifecta Capital. ?????? ?????????????????????? ???? ?????????????? ???????????????????? ??????????’?? ?????????????? ??????????; ?????????? ???? ???? ???????????????? ???? ?????????????? ?????????????????????? ???????????????????????? ?????? ?????????????????????? ????????????. ?? Funds to be utilised to expand geographical footprint through udaan’s ‘Micro-Market strategy’, Optimise operations, enhance ‘Go-to-Market’ (GTM) capabilities, streamline Supply Chain processes and open new Micro-fulfilment Centres ?? Strengthen position as the preferred partner for kirana stores and small businesses across Bharat #udaan #BharatKaEcommerce

Welcome some of our prominent speakers for the 3rd edition of the FE Finance Leadership Dialogue partnering with Oracle. Get ready to receive valuable insights from: Abhinav Dubey, Head of Finance and Controlling, Waters Corporation (INDIA) PRIVATE LIMITED ANIL ARYA, Chief Financial Officer & Head of Legal Compliances, Wakefit Arshad Tanveer, Chief Financial Officer, Bounteous x Accolite Bhaskar Hariharan, Head of Finance, SIXT Research & Development Chhavi Saraf, Chief Financial officer, Vidal Health Group Kiran Thadimarri, Senior Vice President - Group Finance, UDAAN Manoj Bhanawat, Chief Financial Officer, Caratlane Meeta Aggarwal, Head of Finance, United Breweries Nambi Rajan N, Chief Financial Officer and Company Secretary, Kasturi & Sons Limited, The Hindu Group Navin Sharma, India Finance Controller, Herman Miller Neeraj Gautam, President of Finance, Puravankara Limited Rahul Agarwal, Head - Finance and Accounts, STRAND LIFE SCIENCES PRIVATE LIMITED Shailesh Agrawal, VP & Head - Finance, Quest Global Pvt. Ltd. Sumit Agarwal, Group CFO, Subex Limited Sunil Nalavadi, Chief Financial Officer, VRL Logistics Limited Yogesh Patel, Chief Financial Officer, TRIANZ DIGITAL CONSULTING PRIVATE LIMITED ?? JW Marriott Hotel, Bengaluru ?? 25 October, 2024 ?? 5:30 PM Onwards Register Now: https://lnkd.in/gWCX2wbq Shailesh Singla || Deebba Ali || Anoop Dubal || Gopal Ramanan || Madhukar Uniyal || Srikanth CK || Dnyanesh Nadkarni || Muthu Ranganathan || Rajesh Goel || Kanwar Singh || #FinanceLeadership #FutureOfFinance #DigitalTransformation #RiskManagement #StrategicPlanning #ESG #FinanceTrends #fintech

Introducing the first episode of our Leadership Series, "???????????????? ?????? ????????????: ???????????????? ???????? ?????? ??????????????." In this episode, udaan’s Co-founder and CEO, Vaibhav Gupta, reflects on udaan’s transformative journey since 2016 and its pivotal role in empowering millions of small businesses across Bharat. Under his leadership, udaan has made significant strides in becoming a tech-driven company delivering affordable, high-quality products, exceptional services, and a seamless experience for our business partners – brands and retailers. Don’t miss these powerful insights on how #udaan is shaping the future of #BharatKaECommerce in India! #BuildingforBharat #LeadersDrivingImpact