B2B ecommerce platform Udaan has secured Rs 300 crore in debt financing from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital, according to media reports. This funding comes after a $340 million Series E round in December last year led by M&G Plc, with participation from Lightspeed Venture Partners and DST Global.
According to media reports, the fresh funds will support Udaan’s expansion strategy, with plans to enhance its presence in micro-markets across India, strengthen its supply chain, and open new micro-fulfillment centers. The company aims to boost its go-to-market capabilities as it scales geographically.
Media reports indicate that Kiran Thadimarri, Udaan's Senior Vice President, Group Finance, stated that the new funding reaffirms the company’s consistent growth over the last ten quarters, driven by customer-first initiatives.
Founded in 2016, Udaan reportedly commands around 70 percent of the online B2B market share, covering sectors like FMCG, staples, fruits and vegetables, and pharma. According to media reports, the platform also offers credit solutions under its fintech arm, UdaanCapital, to support small businesses.
Additionally, Ankit Agrawal, Executive Director at Lighthouse Canton, expressed confidence in Udaan’s ability to drive sustainable growth in the B2B space, media reports state.
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