Total amount raised
$2.1 Billions
Latest funding date
Location
Title
Udaan has successfully raised significant capital through multiple funding rounds, including its latest Series G round. The platform serves as a crucial link between retailers, wholesalers, and manufacturers, addressing core trade challenges across various industries.
Keep reading to delve into the details of Udaan's funding journey and the investors who have backed this transformative eB2B platform.
What Is Udaan?
Founded in 2016 in Bangalore, Karnataka, Udaan is an eB2B platform that connects retailers, wholesalers, and manufacturers. The company was established by Amod Malviya, Sujeet Kumar, and Vaibhav Gupta.
Udaan facilitates the buying and selling of products across various categories, including FMCG, pharmaceuticals, and staples. The platform also offers logistics and financial services to support small businesses.
With a workforce of 1001-5000 employees, Udaan continues to streamline supply chain operations and provide essential trade solutions for businesses across India.
How Much Funding Has Udaan Raised?
- Series G
- Amount Raised: $75M
- Date: February 2025
- Lead Investors: M&G Plc
- Valuation at Round: $1.8 billion
- Motivation Behind the Round: Enhance customer experience, deepen market penetration, strengthen vendor partnerships, and bolster supply chain and credit capabilities.
- Debt Financing
- Amount Raised: ₹3B ($35.7M)
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Fund geographic expansion through a 'micro-market strategy' and focus on profitability.
- Series E
- Amount Raised: $340M
- Date: December 2023
- Lead Investors: M&G Plc
- Valuation at Round: $1.8 billion
- Motivation Behind the Round: Support business growth and operational needs.
- Convertible Note
- Amount Raised: $35M
- Date: November 2022
- Lead Investors: EvolutionX Debt Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Stabilize operations and support restructuring efforts.
- Debt Financing
- Amount Raised: ₹9.6B
- Date: October 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support operational liquidity and business expansion efforts.
- Convertible Note
- Amount Raised: $225M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Enhance financial stability and support growth initiatives.
- Debt Financing
- Amount Raised: $50M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Strengthen financial position and support operational needs.
- Debt Financing
- Amount Raised: ₹500M
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support business operations and liquidity.
- Debt Financing
- Amount Raised: ₹750M
- Date: November 2021
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Enhance operational capabilities and support growth.
Total Amount Raised: $835.7M
Current Valuation: $1.8 billion
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that focuses on early and growth-stage investments. They have a strong presence in the technology and consumer sectors.
- Investment Focus Areas: Technology, consumer, enterprise, health sectors.
- Notable Investments: Snapchat, GrubHub, Nest.
- M&G Plc
- Details: M&G Plc is a global investment management company offering a range of financial services. They focus on long-term investments across various sectors.
- Investment Focus Areas: Technology, infrastructure, real estate.
- Notable Investments: Large-scale infrastructure projects, technology companies.
- EvolutionX Debt Capital
- Details: EvolutionX Debt Capital specializes in providing debt financing to high-growth companies. They focus on supporting businesses through various stages of growth.
- Investment Focus Areas: Technology, consumer, enterprise sectors.
- Notable Investments: Not publicly disclosed.
- InnoVen Capital
- Details: InnoVen Capital is a venture debt firm that provides financing to high-growth startups in Asia. They have a strong track record in supporting technology and consumer companies.
- Investment Focus Areas: Technology, consumer, healthcare sectors.
- Notable Investments: Swiggy, Byju's, OYO Rooms.
- Trifecta Capital
- Details: Trifecta Capital focuses on venture debt and structured financing for startups. They aim to support companies through various growth stages with flexible financing solutions.
- Investment Focus Areas: Technology, consumer, healthcare sectors.
- Notable Investments: BigBasket, UrbanClap, CarDekho.
What's Next for Udaan?
Udaan stands at the cusp of significant growth opportunities, driven by its recent $75 million funding round. The company aims to enhance customer experience, deepen market penetration, and strengthen vendor partnerships. With operations spanning 900 cities and a diverse range of product categories, the potential for expansion is vast. The upcoming $25 million expected in the next quarter will further bolster these efforts.
Future fundraising opportunities are promising, especially with Udaan's plans to go public next year. This move could unlock substantial capital, enabling the company to scale its operations and solidify its market position. However, challenges such as maintaining profitability, managing existing debt, and navigating a competitive landscape remain. Addressing these hurdles will be crucial for Udaan's sustained growth and success.
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