Udaan closed a $114 million funding round led by M&G and Lightspeed. The capital will strengthen its financial position and support growth in key segments.
Udaan closed a $114 million funding round led by M&G and Lightspeed. The capital will strengthen its financial position and support growth in key segments.
06/02/25, 7:08 AM
Location
bengaluruMoney raised
$114 million
Industry
information technology
Investors
Lightspeed Venture Partners, M&G Prudential
Udaan has secured a $114 million funding round led by M&G Prudential and Lightspeed Venture Partners. The company aims to enhance its presence in FMCG and HoReCa segments. This funding will also fortify Udaan’s balance sheet ahead of its public market debut. Udaan has significantly reduced operational losses and aims for profitability in the next 18 months.
Company Info
Location
bengaluru, karnataka, india
Additional Info
udaan was founded in 2016 with a vision to transform the trade ecosystem and empower small businesses by leveraging technology. As India's largest eB2B platform with about 70% market share in India, udaan operates across diverse categories including FMCG, Staples, Fruits & Vegetables, and Pharma.
With an extensive network of retailers nationwide, thousands of suppliers, and leading national and regional brands on the platform, udaan enables efficient supply chain and logistics operations driven by technology and focused on B2B trade.