India’s Udaan B2B $280M and $585M in Series Funding
India’s Udaan B2B $280M and $585M in Series , has recently secured a substantial amount of funding. The company has raised a total of USD 280 million in series D funding and USD 585 million in series E funding. This brings Udaan’s total funding to USD 865 million. This new funding will fuel the company’s expansion plans and growth in the region.
Overview of Udaan
Udaan is India’s leading B2B e-commerce platform. The company was founded in 2016 and has since grown to become one of the most successful startups in India. Udaan’s mission is to make B2B transactions easier and more efficient. The platform provides an integrated marketplace that allows businesses to buy and sell products online.
Udaan’s platform is used by over a million businesses across India, and it has seen tremendous growth over the past few years. The company has raised more than USD 400 million in funding from various investors.
Overview of Series D and Series E Funding
Udaan recently secured a total of USD 865 million in series D and series E funding. The company raised USD 280 million in series D funding from Tencent, GGV Capital, and Hillhouse Capital. In addition, Udaan raised USD 585 million in series E funding from Altimeter Capital, DST Global, and Footpath Ventures.
Benefits of the Funding
India’s Udaan B2B $280M and $585M in Series new funding will be used to fuel Udaan’s expansion plans and growth in the region. Udaan plans to use the funds to further develop its platform and expand its team. The company also plans to use the funds to expand its presence in key markets across India.
Udaan’s Expansion Plans
Udaan plans to use the new funding to expand its presence in key markets across India. The company has already made significant investments in expanding its operations in the North, South, and West regions of the country. Udaan also plans to use the funds to further develop its platform and expand its team.
Udaan’s recent series D and E funding rounds have provided the company with a substantial amount of capital to fuel its expansion plans. The new funds will be used to further develop the platform and expand Udaan’s presence in key markets across India. This will be a major boost for Udaan as it continues to grow and expand in the region.