What is Udaan?
Udaan operates as a prominent B2B e-commerce platform, headquartered in Bengaluru, India. The company facilitates transactions between retailers, wholesalers, and manufacturers across a diverse range of product categories, including electronics, fashion, and groceries. By bridging the gap in the traditional supply chain, Udaan empowers businesses with efficient procurement and sales channels, contributing to the digitization of India's vast retail landscape. The company's trajectory suggests a scaling phase, leveraging substantial investment to capture market share.
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 DST Global and Lightspeed Venture Partners
Series D (2021): $865M featuring DST Global, Altimeter Capital, Octahedron Capital, Moonstone Capital, Lightspeed Venture Partners, GGV Capital, and Tencent
Debt (2021): $10M backed by Innoven Capital
Debt (2022): $200M with participation from Tor Investments, M&G, 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 Lightspeed Venture Partners, DST Global Solutions, and M&G
Series G (2025): $75M backed by Lightspeed Venture Partners and M&G
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 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 focusing exclusively on internet and internet-related companies, known for its significant backing of market leaders globally.
M&G
M&G is an international asset manager founded in 1931, serving individual and institutional investors with a broad range of financial services.
What's next for Udaan?
With its recent major strategic investment, Udaan is poised for accelerated growth and market penetration. The company is likely to focus on enhancing its technological infrastructure, expanding its logistics network, and onboarding more businesses onto its platform. Strategic partnerships and potential new market entries could also be on the horizon as Udaan solidifies its position as a leader in India's B2B e-commerce ecosystem. Continued investment in innovation will be key to maintaining its competitive edge.
See full Udaan company page
