Udaan fires 180 employees; 4% of its workforce
Udaan says various steps have been taken to enhance efficiency, refine cost structure and grow faster but it also resulted in certain redundancies
Udaan says various steps have been taken to enhance efficiency, refine cost structure and grow faster but it also resulted in certain redundancies
New-age wholesalers and distributors are directly competing with traditional distributors as they are supplying to the same network of kirana stores.
“Almost 94% of product sales in India happen through mom-and-pop stores. But small store owners have major sourcing and supply chain problems. We felt catering to their needs is a huge opportunity.