Udaan acquires ShopKirana in all stock deal

Udaan, a prominent B2B e-commerce platform, has acquired ShopKirana, a smaller B2B retail tech startup, in an all-stock deal. While the exact valuation was undisclosed, sources suggest the deal size is around $88.5 million. This acquisition is a strategic move for Udaan to consolidate its position in the competitive B2B segment, particularly in the kirana (local grocery stores) supply chain. By integrating ShopKirana's network and technology, Udaan aims to expand its reach, enhance its service offerings to small retailers, and potentially gain a larger share of the fragmented retail market.