Tech Company Financing Transactions
Udaan Funding Round
Udaan, operating out of Bangalore Karnataka, scored $340 million in investment from DST Global, Lightspeed Venture Partners and M&G Investments.
Transaction Overview
Company Name
Announced On
12/14/2023
Transaction Type
Venture Equity
Amount
$340,000,000
Round
Series E
Proceeds Purpose
The Series E funding, nonetheless, is a huge boost for the startup that has spent the last two years trimming costs and becoming more efficient. It also needed some funds to repay a loan that was coming due early next 2024 and required the startup to have just as much capital raised against equity in the bank for the entire tenure of the lending, according to a person familiar with the situation.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Number 1090 G 18th Cross 14th Main Sector 3 HSR Layout
Bangalore Karnataka, 560102
India
Bangalore Karnataka, 560102
India
Phone
Undisclosed
Website
Email Address
Overview
Founded in 2016 with a vision to "transform the way trade is done in India leveraging technology", udaan is India's largest business-to-business e-commerce platform. It has operations across categories including lifestyle, electronics, home & kitchen, staples, fruits and vegetables, FMCG, pharma, toys and general merchandise.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Vaibhav Gupta
Co-Founder
Sujeet Kumar
Co-Founder
Amod Malviya
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Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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