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Udaan buys ShopKirana; Paytm Money’s new CEO

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B2B platform Udaan has acquired retail tech startup ShopKirana. This and more in today’s ETtech Top 5.

Also in the letter:
■ China rains on India’s smartphone parade
■ Raveendran en garde
■ Layoff wave reaches Amazon


Udaan acquires retail tech startup ShopKirana for $88.5 million in stock

Vaibhav Gupta, CEO, Udaan

B2B ecommerce major Udaan has snapped up ShopKirana in an all-stock deal valuing the Indore-based startup at $88.5 million. The acquisition comes just weeks after Udaan raised $114 million from Lightspeed and M&G…

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