Udaan is a B2B trade platform that brings manufacturers, traders, retailers, and wholesalers into a single platform.
Udaan is a B2B trade platform that brings manufacturers, traders, retailers, and wholesalers into a single platform. The platform is about making business easy in India, about making B2B commerce convenient and efficient. They believe B2B is the new B2C in India. It connects retailers with wholesalers and traders who sell more than 15 lakh products ranging across categories from electronics and apparel to grocery and fresh produce.
Udaan chat feature allows users to have a personal and secure conversation in real-time, in a language of your choice. It enables a direct connection between buyers and sellers which allows one-on-one discussions to negotiate terms of trade between transacting parties. India has 50m+ SMBs, who form the core of the Indian economy and society. They are the entrepreneurial pulse of India. They believe the internet is a great equalizing platform. They want to bring their energies together in bringing the power of the Internet to these millions of entrepreneurs.
Udaan was founded in 2016 and is headquartered in Bangalore, Karnataka, India.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Nov 25, 2022 | Debt Financing | — | 1 | EvolutionX | — | Detail |
Nov 24, 2022 | Convertable Note | $35M | 1 | EvolutionX | — | Detail |
Oct 27, 2022 | Convertable Note | ₹9.60B | — | — | — | Detail |
Jan 5, 2022 | Convertable Note | $225M | 4 | — | — | Detail |
Jan 5, 2022 | Debt Financing | $50M | 4 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
EvolutionX | Yes | Debt Financing |
InnoVen Capital | Yes | Debt Financing |
Moonstone Capital | Yes | Series D |
Octahedron Capital | Yes | Series D |
Trustroot Internet | Yes | Series Unknown |
Citi Ventures | Yes | Series D |
Footpath Ventures | Yes | Series D |
Hillhouse Capital Group | Yes | Series D |
Arena Investors | — | Convertable Note |
M&G Investments | — | Convertable Note |