What is Udaan?
Founded in 2016, Udaan has emerged as a cornerstone of India's digital B2B infrastructure. By integrating e-commerce capabilities with comprehensive supply-chain and logistics solutions, the company effectively replaces fragmented, conventional distribution channels with a streamlined, data-driven platform. Its business model is designed to empower small and medium-sized enterprises by providing them with direct access to a vast network of suppliers and financial services, thereby enhancing operational efficiency and market reach. As a leader in the eB2B sector, Udaan remains focused on transforming the traditional trade landscape into a transparent, scalable, and technology-first environment.
How much funding has Udaan raised?
Udaan has raised a total of $2.4B across 12 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
Other Financing Round
$160M
Series A (2016): $10M with participation from Lightspeed Venture Partners
Series B (2018): $50M led by Lightspeed Venture Partners, Apoletto, and Lightspeed India
Series C (2018): $225M supported by DST Global and Lightspeed Venture Partners
Series D (2021): $865M featuring Moonstone Capital, Lightspeed Venture Partners, Altimeter Capital, DST Global, Octahedron Capital, GGV Capital, and Tencent
Debt (2021): $10M backed by Innoven Capital
Debt (2022): $200M with participation from Tor Investments, Arena Investors, and M&G
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 Lightspeed Venture Partners and M&G
Other Financing Round (2025): $114M with participation from Lightspeed Venture Partners and M&G
Other Financing Round (2026): $160M led by 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, asset management, and insurance company providing financial solutions to millions of individual and institutional clients globally.
DST Global
One of the largest investment groups globally, exclusively focused on the internet and internet-related companies, with a history of backing market leaders.
What's next for Udaan?
Looking ahead, the recent strategic investment positions Udaan to further scale its logistics infrastructure and deepen its penetration into tier-two and tier-three cities. The company is expected to leverage this capital to enhance its fintech offerings, providing more robust credit and payment solutions to its merchant base. By maintaining a focus on supply-chain optimization and expanding its digital footprint, Udaan is well-positioned to sustain its growth trajectory and solidify its dominance in the competitive Indian B2B commerce market. The ongoing support from global institutional investors suggests a long-term commitment to the company's vision of digitizing the entire value chain of Indian trade.
See full Udaan company page
