Bangalore-based B2B e-commerce unicorn Udaan lays off over 100 employees

Bangalore-based B2B e-commerce unicorn Udaan has laid off over 100 employees within a week of raising $340 million in a series E funding, in line with a trend of layoffs seen among Indian start-ups across sectors in 2023.

The company, which has reportedly indicated its intent to be public-market ready in the next 12-18 months, on Monday said it is looking to improve efficiency and grow business sustainability.

“We have already made significant progress in our journey towards building a profitable business and continue to make relevant interventions to our already proven business model, while remaining customer centric and agile.