About Udaan
Udaan is a company based in Bengaluru (India) founded in 2016 by Rajan Dua, Vaibhav Gupta, Amod Malviya, and Sujeet Kumar.. Udaan has raised $1.87 billion across 19 funding rounds from investors including Microsoft, Tencent and Kaiser Permanente. The company has 1,791 employees as of March 31, 2025. Udaan has completed 1 acquisition, including ShopKirana. Udaan offers products and services including Udaan Platform, Udaan App, and Product Catalog. Udaan operates in a competitive market with competitors including Moglix, IndiaMART, Solv, ProcMart and Anar, among others.
- Headquarter Bengaluru, India
- Employees 1791 as on 31 Mar, 2025
- Founders Rajan Dua, Vaibhav Gupta, Amod Malviya, Sujeet Kumar
- Stage Unicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$41.77 M (USD)-29as on Mar 31, 2024
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Net Profit
$-79.47 M (USD)39as on Mar 31, 2024
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EBITDA
$-67.76 M (USD)43as on Mar 31, 2024
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Total Equity Funding
$1.87 B (USD)
in 19 rounds
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Latest Funding Round
$39 M (USD), Series G
Jun 02, 2025
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Investors
Microsoft
& 38 more
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Employee Count
1791
as on Mar 31, 2025
- Investments & Acquisitions
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Products & Services of Udaan
Udaan offers a comprehensive portfolio of products and services, including Udaan Platform, Udaan App, and Product Catalog. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online marketplace for wholesale buying and selling of products.
Mobile application for quick product browsing and ordering.
Digital catalog of over 5 lakh items across categories.
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Funding Insights of Udaan
Udaan has successfully raised a total of $1.87B across 19 strategic funding rounds. The most recent funding activity was a Series G round of $39 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 19
- Last Round Series G — $39.0M
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First Round
First Round
(23 Nov 2016)
- Investors Count 39
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series G - Udaan | Valuation | M&G , Lightspeed Venture Partners |
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| Feb, 2025 | Amount | Series G - Udaan | Valuation | M&G | |
| Oct, 2024 | Amount | Debt – Conventional - Udaan | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Udaan
Udaan has secured backing from 39 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Microsoft, Tencent and Kaiser Permanente. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture debt financing is extended to companies across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Udaan
Udaan has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ShopKirana. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of B2B procurement platform for grocery retailers
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Udaan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Udaan Comparisons
Competitors of Udaan
Udaan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moglix, IndiaMART, Solv, ProcMart and Anar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category products are supplied via a B2B marketplace platform.
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| domain | founded_year | HQ Location |
Online B2B marketplace connecting buyers and suppliers of diverse industrial products
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| domain | founded_year | HQ Location |
A B2B e-commerce platform is operated for MSMEs in India.
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| domain | founded_year | HQ Location |
Online platform offering procurement and supply chain solutions
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| domain | founded_year | HQ Location |
Provider of B2B marketplace platform offering products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Udaan
Frequently Asked Questions about Udaan
When was Udaan founded?
Udaan was founded in 2016.
Where is Udaan located?
Udaan is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Udaan?
Vaibhav Gupta is the current CEO of Udaan. They have also founded this company.
Is Udaan a funded company?
Udaan is a funded company, having raised a total of $1.87B across 19 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $35.67M, raised on Nov 23, 2016.
How many employees does Udaan have?
As of Mar 31, 2025, the latest employee count at Udaan is 1,791.
What is the annual revenue of Udaan?
Annual revenue of Udaan is $41.77M as on Mar 31, 2024.
What does Udaan do?
Founded in 2016 in Bengaluru, India, the company operates as an e-commerce platform focused on B2B trade. A diverse range of products, including groceries, electronics, clothing, hardware tools, and medicines, is made available for retailers and businesses to source and sell. Transactions between shop owners and suppliers are enabled through features like seller KYC verification, multiple payment methods, and an efficient return system.
Who are the top competitors of Udaan?
What products or services does Udaan offer?
Udaan offers Udaan Platform, Udaan App, and Product Catalog.
How many acquisitions has Udaan made?
Udaan has made 1 acquisition, including ShopKirana.
Who are Udaan's investors?
Udaan has 39 investors. Key investors include Microsoft, Tencent, Kaiser Permanente, Citi, and BlackSoil.
What is Udaan's valuation?
The valuation of Udaan is $2.04B as of Dec 2023.
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