Udaan lays off over 100 employees as part of restructuring exercise ...Middle East

New Delhi:  Homegrown B2B e-commerce platform Udaan, which raised $340 million last week, laid off more than 100 employees as part of a restructuring exercise. A company spokesperson said that they have made significant progress in their journey towards building a profitable business and “continue to make relevant interventions to our already proven business model, while remaining customer centric and agile”. “However, these interventions have also resulted in some redundancies in the system,” the spokesperson said in a statement. The Bengaluru-based company restructured its business units in September to merge the essentials business (FMCG, staples, and pharma) and the discretionary busine

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