Are You Aware About the Fastest Unicorn Startup of India in E-commerce?

Are You Aware About the Fastest Unicorn Startup of India in E-commerce?

Are you aware about the unicorn startup of India? It's Udaan, the business to business e-commerce startup founded by three former top Flipkart employees, Sujeet Kumar, Amod Malviya and Vaibhav Gupta.

Sujeet has completed his B.tech from IIT Delhi and has worked in Flipkart for more than three years. Amod, another IITian has worked as a CTO in Flipkart for five years four months. Vaibhav holds the B.tech and MBA degree along with vast working experience in Flipkart as Sr Vice President. When these three thought together to spread technology to all the untouched corners and provide the best solution to e-commerce industry, they made it possible. Their vast experience in Flipkart helped them to speed up their startup. The strongly organized team helped Udaan to solve the problems in making from day one. Udaan has started in 2016 though it has been fully in operation from 2017.

What is Udaan ?
Udaan helps the wholesalers, retailers, manufacturers and traders to connect with each other directly without the necessity of the middle man. It also offers secure payment facility with all the long needed transparency. It is also providing loans to small businesses to stand out. They haven't followed the usual technique of giving discounts and incentives.

They focussed on 'predictability', the most critical factor in b2b. They don't have everything of their own. They merged with different organizations to make a smoother process starting from marketing to logistics.

" Wherever there is a synergy, Udaan work together".

Funding :
It is the fastest unicorn startup of India which raised more than $1 billion funding within the shortest period of one year. It has received funding from four investors, Lightspeed venture partners, DST Global, Yuri Milner, and Lightspeed India Partners. The annual revenue of the company is estimated to be more than $4M. As for investors, Milner had come on board in his personal capacity in the previous round, while Lightspeed, through its India and US units, has been backing the young company since inception.

This will be the second big bet for DST Global after Swiggy as it funds only when the startup crosses $500M valuation. They're using these funds to build their own logistics as their motto is to provide end-to-end service. Investors' interest in investing in e-commerce platforms was increasing but noone has gained this much investment in e-commerce as fast as Udaan did.

Probability : The b2b ecommerce market is supposed to reach $700 billion by 2020, much higher than the $50-100 billion estimate for consumer-facing online retail in the same period. Udaan is doing 300 to 400cr sales a month. They have near about 1.5lacs buyers and sellers. As told previously, they're now focusing on their own supply chain facility and trying to provide the economic support to the small businesses as well. Udaan currently takes operates in more than 800 cities in the country. So, the probability is huge.

Competitors :
Tradekosh, BigTrade, Unicommerce, Tinydeal, Bizongo, Rarali, Paisawapas, Zazzle etc. Though it still doesn't have the perfect sales support or logistics facility, the founders are very much confident to win against these ordinary problems and produce more effective results with the help of technology. There's no doubt that Udaan has won the game against a lot of competitors.

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