Udaan Soars With Record Growth: Empowering India's Retail Revolution
Udaan, a leading B2B trade platform, reported a substantial 65% increase in business, partly driven by a surge in daily buyers. The platform delivered 2.45 billion FMCG units in 2024 and observed a significant rise in private label revenue, reflecting strong demand among retail partners.
- Country:
- India
Udaan, a major B2B trade platform, reported a remarkable 65% growth in its overall business, primarily due to a 70% increase in daily buyers. Marking a milestone year, 2024 saw the highest-ever daily buyer count, signaling the platform's robustness in the sector.
During the same year, udaan reported delivering a staggering 2.45 billion units specifically in the FMCG sector, highlighting peak operational efficiency. Crescendo in demand for value-driven products also led to a dramatic 250% increase in revenue from private label brands, indicating a pivotal shift toward value-based consumerism among small retailers.
Udaan's strategic clusters have empowered a diverse array of kirana partners, fostering a thriving ecosystem and reflecting strength in India's retail backbone. The company is poised for profitability with focused innovations and policies enhancing wallet share, gross and contribution margins, while keeping a stringent check on EBITDA burn. Major growth potential is also seen in non-metro cities, further expanding the platform's reach.
(With inputs from agencies.)
- READ MORE ON:
- Udaan
- B2B
- growth
- retail
- FMCG
- kirana
- platform
- profitability
- innovation
- value-driven
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