Indian B2B e-commerce start-up Udaan raises $280 million
Business-to-business market Udaan has actually raised$280 million from current and brand-new financiers as the Indian start-up builds a war-chest to accelerate its development and fend off competitors. The new capital is not part of a new financing round however is an extension of its Series D. The Bangalore-based startup, which secured$585 million previous to […]
Octahedron Capital and Moonstone Capital are funding the fresh capital, with involvement from existing investors Lightspeed Endeavor Partners, partners of
DST Global, GGV Capital, Altimeter Capital and Tencent. Other than the stock issue, Udaan likewise helps merchants safe and secure working capital. Due to the fact that Udaan is able to see the engagement of different merchants on the platform, it is able to figure out to whom it could securely grant working capital.”Participation of existing and brand-new investorsin this financing highlights the increasing recognition of capital markets of this distinct nature of the Indian market, and the chance it provides. The new capital is not part of a new financing round but is an extension of its Series D….
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