What is Udaan?
Headquartered in Bengaluru, India, Udaan operates as a comprehensive B2B e-commerce platform designed to facilitate transactions between retailers, wholesalers, and manufacturers. The company's platform spans a wide array of product categories, including electronics, fashion, and groceries, aiming to streamline the supply chain and enhance accessibility for businesses across India. Udaan's business model focuses on leveraging technology to connect disparate parts of the value chain, thereby improving efficiency and offering competitive pricing.
How much funding has Udaan raised?
Udaan has raised a total of $2.3B across 11 funding rounds:
Series A
$10M
Series B
$50M
Series C
$225M
Series D
$865M
Debt
$10M
Multiple Rounds
$595M
Series E
$340M
Series G
$75M
Other Financing Round
$114M
Series A (2016): $10M with participation from Lightspeed Venture Partners
Series B (2018): $50M led by Lightspeed India, Lightspeed Venture Partners, and Apoletto
Series C (2018): $225M supported by Lightspeed Venture Partners and DST Global
Series D (2021): $865M featuring Altimeter Capital, Octahedron Capital, Tencent, Moonstone Capital, Lightspeed Venture Partners, DST Global, and GGV Capital
Debt (2021): $10M backed by Innoven Capital
Debt (2022): $200M with participation from M&G, Tor Investments, and Arena Investors
Debt (2022): $275M led by Microsoft
Debt (2022): $120M supported by GGV Capital and Lightspeed Venture Partners
Series E (2023): $340M featuring DST Global Solutions, M&G, and Lightspeed Venture Partners
Series G (2025): $75M backed by M&G and Lightspeed Venture Partners
Other Financing Round (2025): $114M with participation from M&G and Lightspeed Venture Partners
Key Investors in Udaan
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that raises dedicated funds and invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
DST Global
DST Global is a prominent investment group that exclusively focuses on the Internet and Internet-related companies, known for its significant backing of major tech firms worldwide.
M&G
M&G is an international asset manager serving individual and institutional investors, with a history dating back to 1931 and headquartered in London, United Kingdom.
What's next for Udaan?
The substantial enterprise-level funding and recent strategic investment indicate a strong growth trajectory for Udaan. This capital infusion is likely to fuel further expansion of its operational footprint, enhance its technological infrastructure, and potentially broaden its product offerings. The company's focus on the B2B e-commerce sector, a critical segment for India's economic development, suggests a strategic push towards solidifying its market leadership and exploring new avenues for business development. Future initiatives may include deeper penetration into Tier 2 and Tier 3 cities, as well as the development of value-added services for its network of businesses.
See full Udaan company page
