Udaan
Founded Year
2016Stage
Debt - VI | AliveTotal Raised
$2.04BValuation
$0000Last Raised
$35.68M | 10 days agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-67 points in the past 30 days
About Udaan
Udaan focuses on the trade ecosystem. It operates in the e-commerce and B2B sector. The company offers a platform for small and medium businesses, traders, wholesalers, retailers, and manufacturers, providing them with insights into trends and helping them to scale their businesses. Udaan primarily serves the e-commerce industry. It was founded in 2016 and is based in Bengaluru, India.
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ESPs containing Udaan
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The B2B e-commerce platforms market is a space where technology vendors offer solutions to help businesses streamline their ordering process, source products at better pricing, and integrate with accounting systems. These platforms also provide a channel for suppliers to market their products and receive orders from buyers. The market includes companies specializing in selling surplus and imperfec…
Udaan named as Leader among 15 other companies, including Pepper, FoodMaven, and Choco.
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Research containing Udaan
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Udaan in 7 CB Insights research briefs, most recently on Jan 31, 2024.
Jan 31, 2024
Retail tech in 5 charts: 2023
Mar 15, 2022 report
The Retail Tech 100: The top retail tech companies of 2022
Expert Collections containing Udaan
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Udaan is included in 7 Expert Collections, including E-Commerce.
E-Commerce
11,046 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Supply Chain & Logistics Tech
4,049 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,249 items
Grocery Retail Tech
648 items
Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.
SMB Fintech
1,231 items
Retail Tech 100
200 items
The most promising B2B tech startups transforming the retail industry.
Latest Udaan News
Oct 28, 2024
Updated On New Update B2B e-commerce platform Udaan has raised nearly Rs 300 crore (over $35 million) in debt funding from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. This is the first debt round for the Bengaluru-based company in the past year. The new funds are intended to strengthen Udaan’s balance sheet and support its mission of empowering small businesses across India, the company said in a press release. In December 2023, the firm raised a $340 million Series E round led by M&G Plc, with participation from existing equity investors Lightspeed Venture Partners and DST Global. Although this round provided a financial boost to Udaan, its valuation dropped by 59.3%, settling at $1.3 billion, down from a peak valuation of $3.2 billion. According to Udaan, the company is on track to achieve profitability, reporting a 60% increase in revenue and more than a 50% rise in daily transacting buyers in 2024. Udaan also claimed a 30% reduction in absolute EBITDA burn in the current calendar year. The eight-year-old company operates a marketplace across several categories, including lifestyle, electronics, home and kitchen, staples, fruits and vegetables, FMCG, pharma, toys, and general merchandise. It claims to have a network of over 3 million retailers across 900 cities. Udaan has been actively cutting costs over the past year, as evidenced by layoffs. In December 2023, the company let go of more than 100 employees . While Udaan has yet to disclose its FY24 numbers, its gross revenue (GMV) dropped by 43.1% to Rs 5,629 crore in FY23, down from Rs 9,900 crore in FY22. However, its losses also narrowed by 33.7%, from Rs 3,132 crore in FY22 to Rs 2,076 crore in FY23.
Udaan Frequently Asked Questions (FAQ)
When was Udaan founded?
Udaan was founded in 2016.
Where is Udaan's headquarters?
Udaan's headquarters is located at 14th Main Sector 3, HSR Layout, Bengaluru.
What is Udaan's latest funding round?
Udaan's latest funding round is Debt - VI.
How much did Udaan raise?
Udaan raised a total of $2.04B.
Who are the investors of Udaan?
Investors of Udaan include InnoVen Capital, Lighthouse Canton, Trifecta Capital, Stride Ventures, Tencent Cloud and 27 more.
Who are Udaan's competitors?
Competitors of Udaan include Infra.Market, Flipkart, Lazada, UcliQ, 1K and 7 more.
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Compare Udaan to Competitors
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Snapdeal is an online shopping platform specializing in value-priced merchandise across various categories such as fashion, home, and beauty. The platform offers a wide selection of products that cater to the needs of value-conscious consumers, focusing on affordability without compromising on quality. Snapdeal primarily serves the e-commerce industry, with a significant customer base in non-metro areas. Snapdeal was formerly known as Jasper Infotech Private Limited. It was founded in 2010 and is based in Gurugram, India.
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