Udaan Raises $114 Million in Series G Funding Round, Eyes Public Market Debut
Indian B2B e-commerce platform Udaan has raised $114 million in its latest Series G funding round, marking a significant milestone as it strengthens its path toward a public market debut by 2026. The funding round was led by prominent investors including M&G Investments and Lightspeed Venture Partners, along with other new and existing backers.
This latest funding brings Udaan’s total raised capital to over $1.5 billion, reinforcing investor confidence in the company’s long-term vision and operational resilience.
Strategic Investment to Fuel Growth and Profitability
Udaan plans to deploy the fresh capital to:
Enhance customer experience and delivery infrastructure
Deepen market penetration across Tier II and Tier III cities
Strengthen partnerships with suppliers and brands
Expand credit offerings and streamline supply chain operations
Accelerate efforts toward profitability and IPO readiness
The company aims to improve operational efficiency while scaling sustainably, with a strong focus on expanding its tech-driven logistics and financial services backbone.
About Udaan
Founded in 2016 by former Flipkart executives, Udaan has become a leading player in India’s B2B commerce landscape. The platform connects over 3 million retailers with 25,000+ sellers across sectors such as FMCG, electronics, lifestyle, and pharmaceuticals.
Operating in over 900 cities, Udaan provides integrated solutions including logistics, warehousing, working capital credit, and data insights—positioning itself as a one-stop shop for India’s fragmented retail ecosystem.
Recent Performance Highlights
65% YoY increase in revenue (FY 2023–24)
70% growth in daily transacting buyers
Significant progress toward unit-level profitability
Strengthened governance and internal processes to align with public market standards
These developments place Udaan in a strong position to pursue a potential Initial Public Offering (IPO) by 2026.
FAQs: Udaan’s Series G Funding and IPO Plans
Q1: What is Udaan?
Udaan is a B2B e-commerce platform that connects retailers, wholesalers, traders, and manufacturers across India to enable seamless supply chain and credit access.
Q2: How much funding has Udaan raised in Series G?
Udaan raised $114 million in its Series G round from investors including M&G Investments and Lightspeed Venture Partners.
Q3: What will Udaan use the Series G funds for?
The funds will be used to improve customer experience, expand logistics, strengthen credit services, and prepare the company for a future IPO.
Q4: When is Udaan planning to go public?
Udaan is targeting an Initial Public Offering (IPO) by 2026, subject to market conditions and financial readiness.
Q5: How has Udaan’s business been performing recently?
Udaan reported a 65% increase in revenue and a 70% rise in daily transacting users for the fiscal year ending March 2024, with progress toward profitability.
Conclusion
Udaan’s latest funding round not only demonstrates continued investor trust but also positions the company for its next big leap—entering the public markets. With a strong focus on operational excellence, financial discipline, and digital infrastructure, Udaan is set to redefine the future of B2B commerce in India.
Published on : June 2, 2025
Uploaded by : PAVAN