India’s Udaan Scores $340 Million In New Funding
12/14/23, 8:56 AM
Location
bengaluruMoney raised
$340 million
Industry
information technology
The investment arm of the UK retail bank M&G has led a funding of $340 million into Udaan, a business-to-business e-commerce startup, in one of the largest financing rounds secured by an Indian startup in 2023.
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.