What is Udaan?
Udaan operates as a sophisticated digital marketplace that bridges the gap between manufacturers, wholesalers, and retailers. By providing a seamless platform for procurement and distribution, the company addresses systemic inefficiencies in the traditional supply chain. Its service offerings span diverse categories, including electronics, fashion, and groceries, effectively empowering small and medium-sized enterprises (SMEs) with the tools to compete in a modern digital economy. Through its integrated logistics and financial services, Udaan has established itself as a cornerstone of India's B2B commerce sector, facilitating trade at an unprecedented scale.
How much funding has Udaan raised?
Udaan has raised a total of $2.4B 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 Octahedron Capital, DST Global, Tencent, Lightspeed Venture Partners, GGV Capital, Moonstone Capital, and Altimeter 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, Lightspeed Venture Partners, and M&G
Series G (2025): $75M backed by Lightspeed Venture Partners and M&G
Other Financing Round (2025): $114M with participation from Lightspeed Venture Partners and M&G
Key Investors in Udaan
Lightspeed Venture Partners
A global multistage venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure.
M&G
An international savings, investment, and asset management firm providing wealth management and financial solutions to institutional and individual clients globally.
DST Global
A prominent investment group focused exclusively on the internet and technology sectors, known for backing market-leading digital platforms worldwide.
What's next for Udaan?
Looking ahead, the strategic deployment of this capital is expected to focus on deepening market penetration and enhancing the platform's technological infrastructure. As Udaan matures, the emphasis will likely shift toward optimizing unit economics and expanding its suite of value-added services, such as credit facilities and advanced supply chain analytics. By maintaining its focus on operational efficiency and ecosystem growth, the company is well-positioned to navigate the complexities of the Indian retail landscape while preparing for long-term sustainability and potential public market readiness.
See full Udaan company page
