Business · India Bureau
Udaan eyes IPO launch in early 2028 as losses narrow
B2B e-commerce platform Udaan is targeting a public market debut in early 2028 as its turnaround strategy gains traction. The company expects revenue growth of 10-12 per cent in FY26 while substantially reducing operational losses.
LSN India ·
Udaan, a leading business-to-business e-commerce platform, has outlined plans for an initial public offering in early 2028 as the company works towards profitability. The move reflects improving operational metrics and management confidence in the platform's growth trajectory.
According to company guidance, Udaan anticipates revenue expansion of 10 to 12 per cent during FY26, while losses are projected to narrow by approximately 20 per cent year-on-year. These metrics indicate progress in the company's efforts to achieve financial sustainability.
Chief Executive Officer Vaibhav Gupta has set profitability as a key milestone by the end of 2027, positioning the company favourably for public market entry. The timeline suggests Udaan aims to demonstrate consistent profitability before launching its IPO roadshow.
The B2B e-commerce sector in India has seen increasing investor interest, with platforms connecting manufacturers, distributors, and retailers gaining scale. Udaan's planned public listing would mark a significant milestone for the sector, which has been crucial for modernising India's supply chain infrastructure.
The company's turnaround efforts come amid competitive pressures in the B2B space, where efficiency and unit economics have become central to investor evaluation. Udaan's path to profitability will be closely watched by market observers and potential institutional investors ahead of its planned IPO.