Current Affairs · Corporate Restructuring and Business Mergers

In preparation for its Initial Public Offering (IPO), the B2B e-commerce platform Udaan underwent financial and organizational restructuring supported by Series G funding. Based on these operational outcomes, which of the following statements is/are correct? 1. As part of its financial restructuring, the company achieved a 30% reduction in absolute Ebitda burn and improved its gross margins by 200 basis points. 2. The company recorded a 29% increase in its annual revenue to ₹486.5 crore in FY24, which directly contributed to a 39% reduction in its net losses. 3. To support its public listing aspirations, Udaan received approval from the National Company Law Tribunal (NCLT) to consolidate its business entities into a unified entity named Hivelog Ecommerce. Select the correct option: