Udaan, B2B e-commerce major has restructured its team and business verticals as it aims to reinforce the progress it has made on its business model and strategy
Gaurav Bhalotia, the chief technological officer of the company has resigned from his role.
Following his exit, the company 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.
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.
The reorganisation comes at a time when the company is reportedly looking to raise US $ 200 – 250 million.
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.
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 Billion eB2B opportunity that Bharat offers,” Vaibhav Gupta, co-founder, and CEO, udaan said.
