Udaan acquires ShopKirana in all stock deal

Udaan, the Bengaluru-based B2B e-commerce unicorn, has acquired retail-tech startup ShopKirana in an all-stock transaction, marking a strategic consolidation in India’s eB2B segment.

The move comes shortly after Udaan raised $114 million in its Series G round led by M&G Investments and Lightspeed. The deal is expected to strengthen Udaan’s operational efficiency, deepen its presence in key markets, and boost its path to profitability and IPO, the company said in a press…