Unicorn startup udaan fires 180 employees to cut costs

Unicorn startup udaan fires 180 employees to cut costs

• By Staff Writer

B2B e-commerce unicorn startup udaan has reportedly laid off around 180 employees, about 4-5% of its entire workforce of 4,000 people. Calling it an "efficiency enhancement exercise", udaan said, "We have taken various steps to enhance efficiency, refine our cost structure, and grow faster." Notably, udaan, valued at $3.1 billion, raised about $275 million in a convertible debt offering recently.