Bottomline: Udaan's NBFC arm takes a hit in revenue as group goes through optimisation

Hiveloop Capital, the NBFC subsidiary of business-to-business e-commerce unicorn Udaan recorded a decline in its revenue for FY23, even as its operating metrics improved because of business optimisation at the group level, it is learnt. Lightspeed-backed Udaan, operated by Hiveloop Technology Pvt. Ltd, was one of the few Indian unicorns (startups valued ......