Udaan is an Indian B2B commerce firm that offers a user-friendly mobile application and web portal with a range of features empowering businesses to connect, buy, and sell products effortlessly. Udaan’s robust logistics infrastructure ensures efficient and timely delivery of goods. By streamlining the supply chain, Udaan minimizes the challenges associated with transportation, warehousing, and logistics, thus enabling businesses to focus on core operations. In 2018, the company achieved the unicorn status.
Udaan has secured $340 million in a Series E financing round led by global investment manager M&G Plc. Existing investors Lightspeed and DST Global also participated in the new round. The funding is a combination of fresh equity investment and conversion of existing convertible notes into equity. Udaan intends to utilize the fresh funding to strengthen customer experience and market penetration, forge strategic vendor partnerships, and reinforce supply-chain and credit capabilities.
Udaan, Bengaluru, Karnataka, India, was founded in 2016 by Amod Malviya, Vaibhav Gupta, and Sujeet Kumar. “The Series E round strengthens our balance sheet and fully funds our business plan. It enables our continued journey of growth and profitability, positioning us well to be public-market ready in the next 12-18 months,” said Vaibhav Gupta, Co-founder and CEO of Udaan.
