# Udaan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/udaan

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.udaan.com
- Total disclosed funding: $1.6B
- Latest round: Series G (Jun 16, 2025)
- Investors on record: 17

## About

Udaan is an Indian B2B marketplace that connects retailers with wholesalers, enabling them to access a vast range of products efficiently. The platform streamlines procurement, enhances supply chain solutions, and supports small businesses across diverse sectors in India.Founded in 2016 and headquartered in Bangalore, India, Udaan operates as a B2B e-commerce platform facilitating transactions between retailers and wholesalers. The company was co-founded by Amod ??????, Granaz Baloch, Megha Ahuja, Shreya Sarda, Vaibhav Gupta, Vasu Periwal, Veena Sethi, and is currently led by CEO Inder Verma. In?July 2025,?Udaan a portfolio company of Lightspeed Venture Partners, Apoletto Managers, Bessemer Trust, Stanford Management Company, DST Global, Citi Ventures, Footpath Ventures, Granite Asia, Greenoaks Capital, Hillhouse Capital Group, Tencent Investment, Trustroot Internet Private Limited, Moonstone Capital Partners, Octahedron Capital, M&G Investments, Microsoft, Catamaran Ventures, Altimeter Capital Management acquired ShopKirana E-Trading Private Limited from?TUV ventures Better Capital, Oman India Joint Investment Fund Management Company, Trifecta Capital, Sixth Sense Ventures, Lead Invest, Akatsuki Ventures, NB Ventures,100Unicorns, Ajanta LLP, Info Edge (India) Limited, Bikaji Foods International Limited, NPTK Emerging Asia Fund, Trifecta Venture, Incubate Fund, and Gunosy Capital. The acquisition enables Udaan to expand its reach in staples and FMCG by integrating ShopKirana’s kirana network and category expertise.

## Funding rounds

- Series G, Jun 16, 2025, $113M — Lightspeed Venture Partners, M&G
- Series F, Jan 8, 2024, $33M — Microsoft, Tencent Investment
- Series E, Dec 8, 2023, $344M — Lightspeed Venture Partners, Tencent Investment, DST Global, Altimeter Capital, M&G, Apoletto Managers
- Series D, Jan 11, 2021, $281M — Lightspeed Venture Partners, Granite Asia, Tencent Investment, DST Global, Altimeter Capital, Moonstone Capital Partners, Trustroot Internet Private Limited, Octahedron Capital
- Series D, Sep 26, 2019, $585M — Lightspeed Venture Partners, Bessemer Trust, Granite Asia, Greenoaks Capital, Tencent Investment, DST Global, Hillhouse Investment, Citi Ventures, Altimeter Capital, Trustroot Internet Private Limited, Footpath Ventures
- Series C, Sep 7, 2018, $225M — Lightspeed Venture Partners, DST Global
- Series B, Feb 21, 2018, $50M — Lightspeed Venture Partners, Bessemer Trust, Stanford Management Company, Apoletto Managers
- Series A, Nov 22, 2016, $7.9M — Lightspeed Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C, Series D, Series E, Series G
- Bessemer Trust — Series B, Series D
- Stanford Management Company — Series B
- Apoletto Managers (https://capitalatlas.ai/funds/apoletto-managers) — Series B, Series E
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series C, Series D, Series E
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series D
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series D
- Tencent Investment — Series D, Series E, Series F
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series D
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series D
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series D, Series E
- Trustroot Internet Private Limited — Series D
- Footpath Ventures (https://capitalatlas.ai/funds/footpath-ventures) — Series D
- Moonstone Capital Partners — Series D
- Octahedron Capital (https://capitalatlas.ai/funds/octahedron-capital) — Series D
- M&G (https://capitalatlas.ai/funds/m-g) — Series E, Series G
- Microsoft — Series F