udaan rejigs team, business units; CTO resigns, Retail News, ET Retail

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New Delhi: B2B e-commerce major udaan has restructured its team and business verticals with an aim to reinforce the progress it has made on its business model and strategy, the company said.

Uday Bhaskar, who currently heads the discretionary business division of udaan has been elevated to head the unified business unit including the company’s essentials and discretionary business.

Further, Gaurav Bhalotia, the chief technological officer (CTO) of the brand has resigned from his role.

Following Bhalotia’s exit, udaan has separated its technology function into ‘Product’ and ‘Engineering’ verticals. Siddharth Reddy will be the head of Engineering and Abhilash Pillai will lead Product Management for the customer platform for udaan.

The e-tailer has also reorganised its essentials and discretionary business by merging the two. The essentials business, which encompasses FMCG, staples, and pharma categories, will be consolidated with the discretionary business, which includes general merchandise, lifestyle, and electronics categories.

Vivek Gupta, who was the head – of essential categories at udaan has transitioned from the company and will act as an advisor to the board.

“On behalf of udaan, I would like to thank both Vivek and Gaurav for their invaluable contribution to the organization and wish them good luck for their future endeavours,” said Vaibhav Gupta, co-founder, and CEO, udaan in a prepared statement.

The company’s executive management team now comprises 12 senior executives including Vaibhav Gupta, Aditya Pande – Group CFO, Meenakshi Priyam – Group CHRO, and all business, supply chain, engineering, and product management heads.

“Led by our Executive Leadership team, we have witnessed a steady and durable quarter-over-quarter progress in key performance indicators across all our business verticals. As we move forward in our journey, we are taking various steps to further optimise synergies across businesses to be able to offer better value to our customers, which is key to leveraging the huge USD 100 Bn eB2B opportunity that Bharat offers,” Gupta commented.

The reorganization comes at a time when udaan is exploring a new funding round. The company is reportedly looking to raise USD 200 – 250 million and is in talks with its internal investors including Lightspeed.