It is Razorpay's third acquisition in almost three years and follows its foray into Business to Business lending.
An alumnus of IIT Bombay and Booth School of Business, University of Chicago, Vasudevan has held leadership positions at Ecolab, Pentair, Schlumberger, and McKinsey
The industrial B2B startup for manufacturing plans to tap emerging markets such as Middle East, Southeast Asia, Africa and countries such as Bangladesh, Sri Lanka and Nepal
The development comes at a time when the Bengaluru-based firm is witnessing a huge surge in business across its food, lifestyle and electronics verticals
According to sources, the platform, set up last September, hopes to hit the unicorn status ($1 billion) by the mid-third quarter of next year
GMV is a term used in online retailing to indicate the Gross Merchandise Value of products sold through the marketplace over a certain period of time
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year, says Udaan co-founder
400 sellers clocked sales worth Rs 1 crore each on website for gadgets last year, says company
B2B e-commerce major Udaan on Sunday said it added about one lakh new businesses last year on the platform under its Lifestyle segment under which over 230 million products were shipped.
The B2B e-commerce startup, backed by investors such as Lightspeed, DST Global and Tencent, plans to further increase warehousing capacity equal to around 875 football fields
The digital B2B marketplace is starting its grocery operations in Gurugram and has plans to scale up this business across the country
The B2B market (excluding industrial goods) stands at $780 billion and on an annualised basis, Udaan has already clocked up $2.4 billion in gross merchandising value
Tech startups including Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years
The additional financing exercise takes the overall funding raised by Udaan to date to $ 1.15 billion
The Bengaluru-based startup that serves 30,000 kirana stores will use the funds to scale its core B2B marketplace to new geographies
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn
If the situation doesn't improve we will have shortages throughout the country, says Mediratta
Ninjacart connects through a network of more than 200 collection centres and 1,200 warehouses across the country
'We love to invest early in tech-driven companies solving large problems', said Mitra
At $1.7 bn, eB2B market is fast gaining share of the $700-bn offline B2B retail market