UDAAN CASE STUDY

UDAAN: CASE STUDY, FOUNDER, FUNDING, REVENUE, INVESTORS, BUSINESS MODEL, STARTUP IDEA, COMPETITORS, HOW TO USE APP AND STARTUP STORY

Founders (from left) Amod malviya, Vaibhav gupta and Sujeet kumar

Amod malviya , Vaibhav gupta and Sujeet kumar, all three of are Engineers from Indian Institute of Technology.

UDAAN BUSINESS MODEL

Udaan is a B2B eCommerce startup incorporated in June 2016 by three Engineers, udaan B2B eCommerce is designed to focus on small and medium businesses like retailers, traders, wholesalers and manufacturers in India. udaan provide the facilities to connect directly with manufacturers parties of interest  and discus trade.  

STORY BEHIND THE IDEA

Well being an ex. employee of flipkart, they understood the big game of India’s B2C retail industry. they realised that in small town of Bihar and UP did not have access to supermarkets or grocery for small retailers, traders shopping for big purchases meant traveling to near by big city. that inspired them and come up with a udaan business model.   

UDAAN PAYMENT UPI CODE AVAILABLE NOW

UDAAN recently launched udaan pay QR code by partnered with YES Bank to launch the UPI payment service.

Now UDAAN joined the bridge of UPI payments for retail outlets, restaurants, and merchants. 

FUNDING

In Sept 2018, udaan achieve Unicorn status, a private valuation of $1 billion.

In 3 years total $870 million from existing investors

Lightspeed venture partners

DST global

In 2019 udaan raised by $585 million from investors including

Tencent holdings ltd.

Altimeter capital

GGV capital

Citi ventures.

Total valuation of udaan is $2.5 to $3 billion.

DISCOVER

FOUNDED: 2016

HEADQUARTERS: Bangalore, Karnataka

SELLERS: 20,000 across India

RETAILERS: 3 million

EMPLOYEES: 458

CATEGORIES: fruits, vegetables to electronics, toys and cloths etc.

Industry Sector: Application Software

COMPETITORS

ZOOMTAIL, BIGTRADE, TRADEKOSH, INDIAMART, WYDR, LOCKTHEDEAL, CLINX, SELLERWORX,TRADEINDIA AND EC21.

APP

BUY AND SELL: by just tapping on a button, you can make a purchase. if you want to sell a product just post it on app with details by a single tap.

CATEGORIES: wide range of categories from fruits, vegetables to electronics, toys and cloths etc.

CONNECT: connect directly to the buyer or seller. you can negotiate and discus the product with the buyer and seller.

CHAT: chat option is also available in the app which allows you to have a personal conversation in the real-time in any language of your choice.

FACILITIES

DOOR STEP DELIVERY

SMART RETURNS 

CREDIT FACILITY 

EASY PAYMENT OPTION

 

Thanks for reading

UDAAN: CASE STUDY, FOUNDER, FUNDING, REVENUE, INVESTORS, BUSINESS MODEL, STARTUP IDEA, COMPETITORS, HOW TO USE APP AND STARTUP STORY

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