E-commerce company Udaan plans to bring its initial public offering (IPO) by May 2023. Gupta said that he is very confident that Udaan will be ready to launch an IPO by the end of 2022.
E-commerce company Udaan plans to bring its initial public offering (IPO) by May 2023.
e-commerce ,e commerce, The company will launch its initial public offering by May 2023. (IPO) There is a plan to bring According to the report of Economic TimesThis information has been given to him by Vaibhav Gupta, CEO of Business-to-Business (B2B) e-commerce company Udaan. Gupta said that he is very confident that Udaan will be IPO by the end of 2022. (Initial Public Offering) Will be ready to bring and every quarter in its total margin (Quarter) is improving. According to the report, he said that he is feeling good in this journey of IPO and he is aiming for May next year. Gupta said that he feels that on the business front, on the team front, on the capital front, they are progressing well on that side.
Gupta said that UDAN has made a big improvement in its unit economics. He said that their overall margins are expected to double within 100 to 120 days. According to him, initially, he has seen growth in the first three-four years.
The company expects good growth in the coming times as well.
Gupta further said that he is now looking at Unit Economics during the last two quarters. He said that this is the biggest progress the company has made during this period. He said that he is seeing the bulk of the business on the journey of Unit Economics. Gupta was appointed as CEO in September last year. At that time, UDAN had said that it plans to launch an IPO in the next 18 to 24 months.
According to the report, Gupta said that this is a big market and they are in a strong position with a strong team. He said that quarter-on-quarter progress is being made in his figures and profits. They are feeling good about themselves. He said that I think this is the strategy to get ready for the IPO. He further said that six to nine months seems the right time for our work. He further said whether the market will be ready. If there’s a lot of volatility in the market, you’ll definitely be putting it off for a few weeks. If the market turns better early next year, we will extend it for a few more months.
read this also: 10 bids received for 8 oil gas blocks, ONGC bid for 5 blocks