As part of this plan, udaan co-founder, Vaibhav Gupta, has been appointed as CEO. The other two co-founders, Amod Malviya and Sujeet Kumar, as board members will work with Gupta to ensure that the organization transitions to a CEO-led structure for continued success and achieve their shared vision for the organization.
The co-founders always envisioned udaan as an institution that is professionally run and will last beyond them. As part of this vision, they combined a shared vision with their expertise to build a professionally run institution. It has been decided to move to a CEO-led and board driven structure that will enable the organisation to evolve, scale-up and achieve its growth ambitions. This is in line with the evolution needed for udaan to become a publicly listed entity over the next 18-24 months.
In a statement Vaibhav Gupta said, “Founded with a vision to empower the small and medium businesses of Bharat, udaan has come a long way in the last five years. As we embark on the next phase of our journey, it is important to lay the right foundations for that. It is with this objective that this structure has been created that will help in the evolution of the organisation. I am confident that we shall be successful in realising our vision of transforming India’s $1 trillion trade market.”
“For the next few years, our focus will be on strengthening governance, driving innovation, capabilities, systems and processes, with a special focus on building a talent pipeline to capitalise on the huge opportunity that Bharat offers. What we have achieved in the last five years is just the tip of the iceberg. Together as a team, we look forward to building on what has already been created and making udaan another world-class institution from India,” said Amod Malviya and Sujeet Kumar, in a joint statement.
udaan has invested more than Rs 4000 crores in the past 12-18 months across technology, supply chain and compliance to accelerate capabilities to serve its customers better. The company has also undertaken various initiatives to enhance overall customer experience by leveraging deep customer analytics.
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