B2B e-commerce unicorn Udaan raises $250 Mn via convertible note and debt

Udaan has furloughed nearly 1000 contract staff due to COVID 19 impact B2B e-commerce unicorn Udaan has raised $250 Mn in a fresh funding round, according to reports. The latest round is a mix of convertible note and debt funding, with $200 Mn fund funded through convertible debt and the rest $50 Mn funded through pure…

ByGirish ShettiJanuary 5, 20220Comments

News

Udaan likely to foray into B2C space with Pickily app next month: Report

B2B e-commerce major Udaan is planning to foray into the B2C space with its soon to be launched Android app Pickily. Although Udaan has remained tight lipped about its upcoming venture but grapevines and surrounding developments apparently suggest that its maiden entry in B2C space is a foregone conclusion. Udaan may make maiden entry into B2c…

ByGirish ShettiJune 19, 20200Comments

News

Covid-19 bites Udaan, furloughs 1000 contract staff

The impact of coronavirus is already been felt across the entire Indian startup ecosystem. From bootstrapped startups to deep pocketed unicorn startups, the industry is resorting to mass lay-offs to help them cope with tough times. Now joining this long drawn list is B2B e-commerce startup Udaan. Udaan has furloughed nearly 1000 contract staff due to…

ByGirish ShettiApril 25, 20200Comments

Funding News

Weekly Startup Funding: Ecommerce Startup Udaan keeps Soaring High

It seems that Indian startups have developed a special immunity system that is resisting all the talks of gloom and doom surrounding the Indian economy. Don’t know for how long this immunity will work but until then Indian startups can walks to their banks with a huge smile as investors continue to pour capital despite…

ByGirish ShettiOctober 5, 20190Comments

Funding News

Udaan keeps Soaring high with Fresh Funding of $585 Mn

If sky is indeed the limit then no one knows this better than B2B e-commerce platform Udaan. After becoming the youngest Indian unicorn company last year, Udaan has soared even higher with fresh funding round of $585 Mn. Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures spearheaded the massive fundraising round. Existing investors Lightspeed…

ByGirish ShettiOctober 3, 20190Comments

Funding News

Udaan’s Valuation may touch $2.2 Bn with Fresh Funding Round

True to its name, online marketplace for SMEs and small businesses Udaan is taking flight to new horizons. After achieving the fastest unicorn tag last year, the Bengaluru headquartered startup is now inching closer to double its market valuation with a new funding round. People privy to the matter claim that the startup is in…

ByGirish ShettiJuly 29, 20190Comments

Funding News News

B2B Platform Udaan raises $225 million to become fastest Unicorn startup

B2B trade platform Udaan has reportedly raised $225 million (Rs 1,575 crore) from existing investors DST Global and Lightspeed Venture Partners’ global fund. While on the onset this may seem like an usual fundraising affair, but this funding holds a special importance for Udaan. With this fundraising round, Udaan has become the fastest Indian startup to…

ByGirish ShettiSeptember 3, 20180Comments

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