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Indian B2B e-commerce start-up Udaan raises $280 million

Indian B2B e-commerce start-up Udaan raises $280 million

by | Jan 6, 2021 | Startups

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….

Agritech start-up DeHaat raises $12M to reach more farmers in India

Agritech start-up DeHaat raises $12M to reach more farmers in India

by | Apr 7, 2020 | Startups

DeHaat, an online platform that uses full-stack agricultural services to farmers, has actually raised $12 million as it looks to scale its network across India. The Series A monetary round for the eight-year-old Patna and Gurgaon-based startup was led by Sequoia Capital India. Dutch entrepreneurial advancement bank FMO, and existing financiers Omnivore and AgFunder, likewise took part […] The platform assists farmers protected thousands of agri-input products, including seeds and fertilizers, and receive tailored advisory on the crop they ought to plant in a season. The start-up will use the fresh capital to extend its network to 2,000 rural retail centres, on-board more micro-entrepreneurs for last-mile shipment and reach 1 million farmers by June of next year, said Kumar.”This market is on the verge of an enormous transformation thanks to alleviate of regulation, farmers getting organized and increasing penetration of smartphones.”The tipping point that led to Sequoia India’s decision to partner with them was the field go to, where the farmers expressed how proud they were to be associated with a platform they felt genuinely worked in their favour. …