Bengaluru-based Udaan raises $114 million from existing investors ahead of planned IPO

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Here’s a structured list based on the provided information about Udaan:

Startup Information

  • Startup: Udaan
  • Founded: 2016
  • Sector: B2B e-commerce

Funding Details

  • Recent Funding Amount: $114 million (over Rs 970 crore)
  • Total Capital Raised: Nearly $2 billion
  • Funding Series: Series G
  • Valuation: Approximately $1.8 billion (unchanged, as per media reports)
  • Funding Date: Not explicitly mentioned but the latest round follows a $75 million infusion earlier in the same year.

Investors

  • Investors:
    • M&G Investments
    • Lightspeed Venture Partners

Founders

  • Co-founder and CEO: Vaibhav Gupta

Company Goals

  • Focus Areas:
    • Expand presence in FMCG and HoReCa segments.
    • Increase private-label offerings, particularly in staples.

Financial Highlights

  • FY24 Revenue from Operations: Rs 5,706 crore (up 1.7%)
  • Net Loss: Rs 1,674 crore (narrowed by nearly 19%)
  • EBITDA Burn Reduction: 40% over the last three years
  • Yearly Contribution Margin Growth: Over 60% in 2024

This summary captures the key elements related to Udaan’s fundraising and business operations as mentioned in the provided text.

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2025-06-02 10:32:39