Synopsis
Udaan has strategically acquired ShopKirana in an all-stock deal to bolster its eB2B presence before its IPO. This move will enhance Udaan’s position in staples, FMCG, and HoReCa by integrating ShopKirana’s network and expertise. The combined entity aims to improve efficiency, expand reach, and strengthen unit economics, with Info Edge becoming a shareholder.
Udaan has acquired ShopKirana in an all-stock deal, marking a strategic consolidation in the eB2B space ahead of its planned IPO.
The acquisition aims to strengthen Udaan’s position in key categories like staples, FMCG, and HoReCa by adding ShopKirana’s kirana network and category expertise.
The two platforms will combine their tech, supply chain, and credit capabilities to drive operational efficiency, expand geographic reach, and improve unit economics, a press statement from Udaan said.
The deal comes on the heels of Udaan’s $114 million fundraise led by M&G Investments and Lightspeed. With this transaction, Info Edge becomes a shareholder in Udaan.
The deal is subject to regulatory approvals.
Source: www.economictimes.indiatimes.com