B2B e-commerce platform Udaan to raise Rs. 4000-Cr at $5-B valuation

Udaan, a Bangalore-based, business-to-business (B2B) e-commerce platform, is set to raise INR 4,000 crore to fund expansion. The fundraising will value the startup at USD 4.5-5 billion. Udaan connects small and medium size businesses, manufacturers, wholesalers, traders and retailers to sell goods and other services. Earlier this year, it raised USD 280 million from Octahedron Capital and Moonstone Capital, Lightspeed Venture Partners, DST Global, GGV Capital, Altimeter Capital, and Tencent at a valuation of USD 3.1 billion.