About Udaan Express
Udaan Express was a Transportation, Automotive & Logistics company based in Bengaluru (India). It provides a web-based platform for door-to-door delivery services. It operates on a B2C model. The company has 1,124 employees. Its Indian entity Hiveloop Technology Private Limited reported revenue of ₹285 Cr. The company is recorded as dissolved. Its focus areas include Logistics, Delivery Services, E-commerce Logistics and Web-based Platforms. Similar companies include Porter, MyDTDC and Pico Xpress; 2 of its 3 listed similar companies have raised funding.
Company details
Udaan Express provides a web-based platform for door-to-door delivery services through streamlining logistics processes, offering delivery services, e-commerce logistics, and web-based platforms. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 1,124
- SectorsTransportation, Automotive & Logistics
- Website udaanexpress.com
- Legal Name Hiveloop Technology Pvt Ltd
- Date of Incorporation 03 Jun, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹285 Cr
FY 2024 · -29% YoY
- Net Loss-₹658 Cr
FY 2024 · -190% margin
- EBITDA-₹622 Cr
FY 2024 · -180% margin
- Employee Count1,124
Associated legal entities of Udaan Express
Udaan Express operates through Hiveloop Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hiveloop Technology Private Limited CIN U72900KA2016PTC093868 | Active | 03 Jun 2016 | Bangalore, Karnataka | ₹285 Cr | 1,124 | 3 | View details |
Board of directors of Hiveloop Technology Private Limited (Udaan Express)
Hiveloop Technology Private Limited is the primary company behind Udaan Express. The board of Hiveloop Technology Private Limited currently have 3 directors; the longest-serving is Krishna Menon Vishnu Menon, appointed in 2022. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishna Menon Vishnu Menon DIN 07315528 | Director | 14 Oct 2022 | 4 yrs | Hiveloop Technology Private Limited |
| Ankit Gupta DIN 10044673 | Director | 30 Sep 2024 | 2 yrs 1 mo | Hiveloop Technology Private Limited |
| Bannari Jagathish DIN 11222871 | Whole-time director | 05 Aug 2025 | 1 yr 3 mo | Hiveloop Technology Private Limited |
Financials of Udaan Express
Figures of Hiveloop Technology Private Limited, the primary company behind Udaan Express, for FY 2024. Revenue was ₹285 Cr (-29% year on year). Net loss was -₹658 Cr (-190% margin). EBITDA was -₹622 Cr (-180% margin). Revenue has grown at a compounded annual rate of -11% over three years and +71% over five years.
- ₹285 CrRevenue · FY 2024 · -29% YoY
- -₹658 CrNet loss · -190% margin
- -₹622 CrEBITDA · -180% margin
- ₹6.62 CrPaid-up capital
- 1,124Employees (provident fund records)
- -11%Revenue CAGR, 3 years
- +71%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hiveloop Technology Private Limited are on its company page.
Detailed financial statements for Udaan Express
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Similar companies to Udaan Express
Udaan Express has 3 listed similar companies in our database, 2 of them funded. They include Porter, MyDTDC and Pico Xpress.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| porter.in | 2014 | Bengaluru, India | $197.86M | 2,066 | On-demand goods transportation and intercity courier services are provided. | |
| mydtdc.in | 2022 | Bengaluru, India | 3,031 | Offers an app for convenient door-to-door courier services to users. | ||
| picoxpress.com | 2023 | Bengaluru, India | $3.72M | 30 | AI-powered B2B parcel delivery services are provided to businesses. |
Detailed similar companies of Udaan Express
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Udaan Express (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Udaan Express
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Frequently Asked Questions about Udaan Express
Udaan Express is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Udaan Express has 1,124 employees.
The primary company behind Udaan Express, Hiveloop Technology Private Limited, reported revenue of ₹285 Cr for FY 2024, down 29% year on year.
Udaan Express provides a web-based platform for door-to-door delivery services through streamlining logistics processes, offering delivery services, e-commerce logistics, and web-based platforms. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Udaan Express's top competitors include Porter, Pico Xpress and MyDTDC.
Udaan Express operates through Hiveloop Technology Private Limited.
The legal entities of Udaan Express currently have 3 directors, including Krishna Menon Vishnu Menon, Ankit Gupta, Bannari Jagathish.