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Udaan Buys ShopKirana To Boost Profitability, FMCG Play

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SUMMARY

With this acquisition, Udaan will deepen its focus on profitability and bolster its presence in FMCG segment

Udaan has not disclosed the financial terms of the deal

Last month, Udaan closed its Series G funding round at $114 Mn

B2B ecommerce platform Udaan has acquired retail tech startup ShopKirana in an all-stock deal to deepen focus on profitability and bolster its presence in FMCG and hotel, restaurant, and catering (HoReCa) sectors.

However, the company did not disclose the financial terms of the deal.

The…

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