Udaan, a leading business-to-business (B2B) e-commerce platform, has successfully raised $75 million in its Series G equity funding round, as announced by the company’s Co-Founder and CEO, Vaibhav Gupta. The investment was led by UK-based M&G Plc, with significant participation from existing investors, including Lightspeed Venture Partners
Key Highlights
- Funding Round: Udaan raised $75 million in Series G equity funding, led by UK-based M&G Plc, with participation from Lightspeed Venture Partners and other existing investors.
- Additional Investment: The company is in advanced discussions to secure another $25 million in the coming quarter.
- Capital Utilization: Funds will be used to enhance customer experience, expand market reach, strengthen vendor partnerships, and improve supply chain and credit services.
- Recent Fundraising: Udaan previously raised $340 million in December 2023, bringing its total funding to $1.88 billion.
- Company Restructuring: In January 2025, Udaan merged its business entities under Hiveloop Ecommerce Pvt Ltd to streamline operations ahead of a planned IPO in 2026.
- Market Presence: Udaan operates in 900+ cities, connecting 25,000 sellers with 3 million retailers across FMCG, staples, fruits and vegetables, and pharmaceuticals.
- Growth Potential: India’s B2B e-commerce sector is expected to exceed $125 billion by 2027, positioning Udaan as a key player.
Our Opinion
Udaan’s latest funding round reinforces investor confidence and strengthens its foothold in the Indian B2B e-commerce market. The company’s restructuring and IPO plans indicate a strong roadmap for sustainable growth.