Debt Financing
B2B trade platform for SMEs Udaan raises Rs.50-Cr from Corsa Ventures, Blacksoil, others
Bangalore-based Udaan has raised INR 50 crore in debt from Blacksoil, Texas-based Corsa Ventures, VBG Group, and Walton Street India. Till now, the B2B e-commerce marketplace unicorn has raised close to INR 150 crore in debt. It is likely to raise more capital in the coming weeks. Udaan connects small and medium-sized businesses, manufacturers, wholesalers, traders and retailers to sell goods and other services. Udaan sells over 5 lakh product categories in electronics, clothes, medicines and grocery items. ‘
From the Venture Intelligence PE-VC Deal Database: Between Nov-16 and Jan-21, Udaan had raised over USD 1 Billion from Footpath Ventures, GGV Capital, Altimeter Capital, Tencent, Hillhouse Capital, DST Global and Lightspeed Ventures.
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