India, July 18 -- B2B ecommerce platform Udaan has acquired retail tech startup ShopKirana in an all-stock deal to deepen focus on profitability and bolster its presence in FMCG and hotel, restaurant, and catering (HoReCa) sectors.

However, the company did not disclose the financial terms of the deal.

The acquisition comes a month after Udaan closed its $114 Mn Series G funding round.

The buyout will help Udaan to integrate ShopKirana's retailer network and expertise in the FMCG space with the former's tech infrastructure and supply chain capabilities.

"This acquisition is a strategic milestone in our journey to the IPO and beyond. ShopKirana has a quality team, who have worked in-depth on the FMCG category and excelled at designing f...