Start-Up Hits: 1995

Udaan lilkely to go public: Plans new Esop

Start-Up Hits: 1995
Udaan lilkely to go public: Plans new Esop
Start-Up Hits: 1995

18 February 2022, Mumbai:

Vaibhav Gupta, CEO of business-to-business (B2B) ecommerce firm Udaan told ET on Wednesday that the company aims to launch its initial public offering (IPO) by May 2023.

Udaan rejigs board, co-founder, Vaibhav Gupta, appointed as CEO - The Economic Times

Gupta said he was fairly confident that Udaan would be ready for an IPO by the end of 2022 and that it had been improving its gross margins every quarter.

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"I feel good about the journey towards the IPO and we are targeting [it] in May next year," he said.

"I feel that on the business side, on the team side, and on the capital side, we are progressing well towards that."

 

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*Figures mentioned in the above article have been sourced from ET article.

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