Udaan is a network centric B2B trade platform, designed specifically for small & medium businesses in India.
Udaan is about making business easy in India, about making B2B commerce convenient and efficient. It brings traders, wholesalers, retailers and manufacturers in India on to a single platform.
Udaan was founded in 2016 by Amod Malviya, Sujeet kumar, & Vaibhav Gupta and is based in Bangalore, Karnataka, India.
Udaan brings traders, wholesalers, retailers and manufacturers in India on to a single platform. With real insights into active trends, and great B2B trade features, the company brings to its users the power of technology to scale & nurture their business.
Udaan serves more than 3 million retailers and small and medium-sized businesses and it has signed up thousands of brands, including Coca-Cola, PepsiCo, Boat Lifestyle, Micromax, HP, LG, ITC, HUL and P&G.
Udaan also helps merchants secure working capital. Small businesses, especially mom-and-pop shops, rely on money they secure from selling their existing inventory for buying their next batch.
Udaan is backed by Tencent, Lightspeed Venture Partners, DST Global, Altimeter, Footpath Ventures, Hillhouse, Octahedron Capital, Tor Investment, Arena Investors, Moonstone Capital and others. The company raised $250M in new financing on Jan 05, 2022. This brings Udaan's total funding to $1.4B to date. Udaan was previously valued at $3.1B from a Series D round raised in Jan 2021.