Other Private Equity/Strategic Investments
B2B e-commerce firm Udaan in talks with Lightspeed, M&G Prudential for $60-M
Bengaluru-based B2B (business-to-business) e-commerce platform Udaan is in talks to raise $50-60-M in a top-up funding round from existing investors Lightspeed Venture Partners and M&G Prudential. This potential transaction follows a $114-M round closed by the company last June, which was also led by the same investors. The proposed fundraising is reportedly being negotiated at a flat valuation of $1.8 B, It may be the company's final private capital raise before a planned initial public offering.Founded in 2016 by former Flipkart executives Vaibhav Gupta, Sujeet Kumar, and Amod Malviya, Udaan supplies products across categories such as FMCG, staples, fruits and vegetables, and pharmaceuticals to kirana stores and small retailers.Udaan plans to use the new funds to strengthen its supply chain network and expand its go-to-market capabilities.
Between Nov 2016 and Jun 2025, Udaan had attracted about $ 2,079 M from Altimeter Capital, DST Global, Footpath Ventures, Granite Asia, Hillhouse Capital, Lightspeed Ventures, Tencent, BlackSoil Capital, InnoVen Capital, M12, Nomura Holdings, Samena Capital, EvolutionX Debt Capital, Lighthouse Canton, Stride Ventures, Trifecta Capital and others.
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