Udaan reduces cash burn, bets on top categories and micro-clusters
B2B e-commerce major Udaan has reduced its absolute EBITDA burn by almost 33% through the January-March 2024 quarter, shared Udaan's co-founder and CEO Vaibhav Gupta. Gupta added that the company has been growing consistently for the last 9-10 quarters. In the quarter ended March 2024, the startup grew its topline by 43%, with contribution margins improving by 200 basis points through the quarter.
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