In an internal mail to employees, Vaibhav Gupta said that Udaan has made ‘strong’ improvements in gross margins and operating costs
Udaan slashed its cash burn by more than 40% in the first half of 2022: CEO
However, Gupta also warned about market volatility and high inflation, and said that the startup is looking to tighten its purse strings
Business-to-business (B2B) ecommerce platform Udaan is on track to have positive unit economics by the end of June 2022 quarter, its CEO Vaibhav Gupta said in an email to the employees of the startup.
The email, seen by Inc42, said that Udaan has improved its unit economics by more than 1000 basis points (bps) over the last year. Besides, it said that the startup has made ‘strong’ improvements in gross margins and operating costs.