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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The B2B e-commerce startup has in the past year seen two co-founders step back entirely, top-level churn and looming competition from Reliance.
Editor's note: For months now, two of the three co-founders at celebrated B2B e-commerce startup Udaan have been missing in action. According to four people in the know, former Flipkart executives Amod Malviya and Sujeet Kumar have entirely moved away from operations, though they remain on the board. The six-year-old Udaan is now completely being run by their co-founder, Vaibhav Gupta, another Flipkart alum. Gupta took over as CEO of Udaan in September last year, before which the startup was jointly run by the three founders, with no one chief executive. By design, decision-making was meant to be decentralized, with Malviya leading technology, Kumar handling operations and Gupta in charge of overall business and finance. That didn’t last and “at the moment, Udaan is a one-man show now,” says one of the four people cited above, all of whom asked not to be named. The absence of Malviya and Kumar from Udaan follows a prolonged and extensive disagreement between the founders over their plans for the company. A massive valuation, the pandemic and growing competition meant the company and its investors had …
The B2B e-commerce startup has in the past year seen two co-founders step back entirely, top-level churn and looming competition from Reliance.
Editor's note: For months now, two of the three co-founders at celebrated B2B e-commerce startup Udaan have been missing in action. According to four people in the know, former Flipkart executives Amod Malviya and Sujeet Kumar have entirely moved away from operations, though they remain on the board. The six-year-old Udaan is now completely being run by their co-founder, Vaibhav Gupta, another Flipkart alum. Gupta took over as CEO of Udaan in September last year, before which the startup was jointly run by the three founders, with no one chief executive. By design, decision-making was meant to be decentralized, with Malviya leading technology, Kumar handling operations and Gupta in charge of overall business and finance. That didn’t last and “at the moment, Udaan is a one-man show now,” says one of the four people cited above, all of whom asked not to be named. The absence of Malviya and Kumar from Udaan follows a prolonged and extensive disagreement between the founders over their plans for the company. A massive valuation, the pandemic and growing competition meant the company and its investors had …
After 19 investment rounds and over $2.1 billion raised, the kirana supply startup’s investors seem to finally be in the mood to collect their dues. What happens next?
Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.
One of the few remaining foreign venture capital funds in India, Lightspeed has had a rather quiet year—especially when compared to some of its peers. The 2026 IPO pipeline may be the reset it needs.
After 19 investment rounds and over $2.1 billion raised, the kirana supply startup’s investors seem to finally be in the mood to collect their dues. What happens next?
Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.
One of the few remaining foreign venture capital funds in India, Lightspeed has had a rather quiet year—especially when compared to some of its peers. The 2026 IPO pipeline may be the reset it needs.
