Archive · 28 Jul 2025
Udaan CEO Targets IPO, Eyes 45% Growth for Next 2-3 Years
Udaan, a company run by Vaibhav Gupta, is doing well and plans to become a public company (IPO) in about two years.
They've been growing very fast, around 45% each year, and want to keep that up by selling more goods in more places.
They bought another company called ShopKirana to help sell groceries and expand their business.
They are using money they raised to expand, especially for popular items like food, restaurants, and their own brands.
Their own brands are becoming very popular and they expect to grow even more.
Udaan's CEO, Vaibhav Gupta, aims for an IPO in 18–24 months.
The company targets maintaining 45% YoY growth for 2–3 years through expansion.
Udaan acquired ShopKirana to enhance FMCG focus and geographic reach.
The company is investing in core areas, including technology, with $114 million raised.
Private labels contribute 15% of total business, with an aim for 33% overall.
- Who
- Udaan, led by CEO Vaibhav Gupta.
- What
- Udaan plans an IPO within 18-24 months, targeting 45% growth.
- When
- The IPO is targeted in 18–24 months.
- Where
- Pan-India, with focus on top 25 cities including Bengaluru.
- Why
- To expand, increase profitability, and capitalize on market opportunities.
Quick Commerce Impact
Quick Commerce
Kiranas vs Quick Commerce
Quick Commerce Impact
Quick commerce models don't scale well.
Quick Commerce
The resilience of kiranas is validated
- CEO
- Vaibhav Gupta
- IPO Timeline
- 18–24 months
- Growth Target
- 45% YoY for 2–3 years
- Acquisition
- ShopKirana
- FY24 Revenue
- Rs 5,700 crore
- Private Label Contribution
- 15% of total business