“Udaan’s financial performance for FY23-24 reflects its commitment to building a robust, profitable and resilient business. With revenue reaching INR 5,700 crores for FY23-24, we have made significant strides toward profitability, reducing EBITDA burn by 40% year-on-year to ~INR 900 crores,” said Kiran Thadimarri, SVP Finance, Udaan in a LinkedIn post.

Over the past month, Udaan has been facing a drop in business under its non-essential categories.

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'Udaan'' is a terrific, moving coming-of-age film, made by first-time director Vikramaditya Motwane.