Indian e-commerce startup Udaan has raised $340 million from M&G Plc, Lightspeed Venture Partners and DST Global. This follows from Crunchbase data, to which RB.RU drew attention. The company is preparing for an initial public offering in 2025.
Udaan is a b2b platform for small and medium businesses in India. It brings together manufacturers, retailers and wholesalers on a single platform. The market also specializes in logistics.
The company was founded in 2016 and is headquartered in Bengaluru. The team decided to use the funds received to strengthen its supply chain and expand supplier partnerships. Since its inception, Udaan has attracted $2 billion in investments.
Author:
Karina Pardaeva
Source: RB
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