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Earlier report,
Udaan targets IPO by early 2028 as B2B turnaround takes hold
Udaan expects FY26 revenue to grow 10 to 12 per cent while losses narrow by about 20 per cent. The B2B e-commerce firm targets full profitability by the end of 2027 and an IPO by the end of 2027 or the first quarter of 2028.
- FY25 revenue
- ₹4,561 crore
- FY25 net loss
- ₹1,055 crore
- FY26 revenue growth expected
- 10 to 12 per cent
- FY26 loss narrowing expected
- about 20 per cent
What we verified
Checked against the other reports of this story.
- FY26 revenue growth expected: 10 to 12 percent — Business Standard and Indian Retailer agree.
- FY26 projected loss reduction: about 20 percent — Business Standard and Indian Retailer agree.
- FY25 revenue: Rs 4,561 crore — Business Standard and Indian Retailer agree.
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
Udaan targets IPO by late 2027 or early 2028 as losses narrow, eyes profitability by end of 2027
- Operating footprint now: around 16 clusters
Reported figures
From the report. Source details below
| FY25 revenue: | ₹4,561 crore |
|---|---|
| FY25 net loss: | ₹1,055 crore |
| Recapitalisation announced July 2026: | $160 million |
| LYNK Logistics all-share acquisition value: | ₹500 crore |
| Private labels share of staples sales: | 15 to 25 per cent |
| EBITDA burn drop, Q4 CY23 to Q1 CY26: | about 70 per cent |