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
Udaan is good for retailers even though price is high due to charges of Udaan. But the best part is easy returns of defective items or wrong items.
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