Udaan Unicorn
udaan was founded in 2016 with a vision to transform the trade ecosystem and empower small businesses by leveraging technology. It is India's largest eB2B platform connecting manufacturers, wholesalers, traders and retailers across categories including FMCG, Staples, Fruits & Vegetables, Lifestyle, Electronics and Pharma, and also offers working-capital finance to small businesses through its fintech arm udaanCapital.
Udaan: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 2 Jun 2025 | Series G | $114 Mn | Lightspeed Venture Partners M&G Investments | source |
| 16 Jan 2024 | Series F | $33 Mn | Microsoft Corporation Sujeet Kumar Tencent Cloud | source |
| 14 Dec 2023 | Series E | $340 Mn | Lightspeed Venture Partners M&G Plc Altimeter Capital Apoletto Limited DST Global Tencent Cloud | source |
| 6 Jan 2021 | Series D | $280 Mn | Altimeter Capital DST Global GGV Capital Lightspeed Venture Partners Moonstone Capital Octahedron Capital Tencent | source |
| 30 Aug 2019 | Series D | $300 Mn + $286.6 Mn (two Series D tranches, Aug & Oct 2019) | Tencent Acorn Heavy Industries Altimeter Capital Citi Venture DST Global Fifth Avenue Footpath Ventures GGV Capital Hillhouse Capital Lightspeed India Lightspeed Opportunity Fund Lightspeed Venture Partners TIPL SPV | source |
| 3 Sep 2018 | Series C | $225 Mn | DST Global Lightspeed Venture Partners | source |
| 20 Feb 2018 | Series B | $50 Mn | Lightspeed Venture Partners Yuri Milner | source |
| 23 Nov 2016 | Series A | $10 Mn | Lightspeed Venture Partners | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 18 Jul 2025 | Udaan | ShopKirana | Undisclosed | source |
Recent Signals
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14 Jul 2026 · funding
Udaan lines up ~$160 Mn financing to rebuild balance sheet ahead of planned IPO source -
2 Jul 2026 · financial
Singapore parent faces insolvency proceedings after $170 Mn convertible-note default source -
10 Sep 2021 · org-team
Co-founder Vaibhav Gupta named CEO, effective September 2021 source
News on Udaan
L Litmus · by Lapaas
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Who founded Udaan?
Udaan was founded by Amod Malviya, Sujeet Kumar, Vaibhav Gupta in 2016.
How much funding has Udaan raised?
Udaan has raised $1.64 Bn across 8 tracked funding round(s), most recently on 2025-06-02. Figures are compiled from cited public sources.
Who are the investors in Udaan?
Investors in Udaan include Lightspeed Venture Partners, M&G Investments, Microsoft Corporation, Sujeet Kumar, Tencent Cloud, M&G Plc, Altimeter Capital, Apoletto Limited.
What does Udaan do?
udaan was founded in 2016 with a vision to transform the trade ecosystem and empower small businesses by leveraging technology. It is India's largest eB2B platform connecting manufacturers, wholesalers, traders and retailers across categories including FMCG, Staples, Fruits & Vegetables, Lifestyle, Electronics and Pharma, and…
Where is Udaan headquartered?
Udaan is headquartered in Bengaluru, Karnataka, India.
What is Udaan's business model?
Udaan's core value proposition centers on Low minimum order size with fast delivery, Price transparency and inventory tools, Embedded credit at point of purchase, 70% market share in India's eB2B space.
How does Udaan make money?
Udaan's cited revenue streams include Selling & distribution (marketplace commission), Advertising, logistics & technology usage fees, udaanCapital interest & processing charges, Scrap sales & collection fees.