Udaan to kickstart reverse flip to India in weeks: CEO
Business-to-business ecommerce company Udaan will likely start the process to move its domicile from Singapore to India in the next few weeks, cofounder and chief executive Vaibhav Gupta told ET.
The Lightspeed-backed company secured the National Company Law Tribunal’s approval last year to consolidate its technology, logistics and wholesale trading units under a single entity, Hiveloop Ecommerce. After a reverse merger of its Singapore-based holding company with the Indian entity, the latter will become the parent firm.
The Lightspeed-backed company secured the National Company Law Tribunal’s approval last year to consolidate its technology, logistics and wholesale trading units under a single entity, Hiveloop Ecommerce. After a reverse merger of its Singapore-based holding company with the Indian entity, the latter will become the parent firm.
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