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Results · 14 October 2026UdaanB2B ecommerce platformudaan.com ↗

Udaan revenue FY26: Rs 5,134 Cr, net loss Rs 850 Cr

Udaan returns to growth, revenue up 13%

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Udaan revenue

Udaan reported revenue of Rs 5,134 Cr in FY26, with a net loss of Rs 850 Cr. Reported 14 October 2026.

Revenue (FY26)Rs 5,134 Cr
Net loss (FY26)Rs 850 Cr
ResultsCommerce & Consumer BrandsBengaluruFounded 2016
  • Udaan is a Bengaluru business-to-business ecommerce platform supplying goods to retailers
  • Revenue grew 13% to Rs 5,134 crore in FY26, its first rise after four years of slowdown, while net loss shrank 19% to Rs 850 crore
  • It now focuses on small dense clusters and private labels, and its home city Bengaluru has turned operating-profit positive

What happened

  • FY26 revenue rose 13% to Rs 5,134 crore.
  • Net loss fell 19% to Rs 850 crore.
  • FY25 revenue had dropped 20%.
  • Private labels give 15-25% of staples sales.
  • Bengaluru is Ebitda positive.

Why it matters

  • Strategy shifted from wider reach to efficiency.
  • A cluster-led model gives city-level accountability.
  • It closed a $160 million recapitalisation in July.

The business

  • B2B ecommerce platform.
  • Parent files accounts in Singapore.
  • Targets pin-code clusters for buyer penetration.
  • Sells private-label staples.
  • Largest market is Bengaluru.

In numbers

Rs 5,134 CrOperating revenue · FY26
Rs 850 CrNet loss · FY26

Earlier rounds

  • Recapitalisation: $160M (July 2026)

Words to know

Ebitda
Operating profit before interest, tax and depreciation.

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