Udaan , the Indian e - commerce start - up founded by three former Flipkart executives , has raised $ 225 m in series B funding , bringing its total valuation to over $ 1bn . Flipkart, one of the most successful e-commerce platforms out of India, sold to Walmart in a $16 billion deal earlier this year. The company ’s mobile app connects traders , wholesalers and retailers in India , helping small businesses trade directly with manufacturers . While the app currently focuses on electronics and consumer goods , Udaan plans to expand into markets including industrial goods , fresh fruits and vegetables , and office supplies .
Udaan , the Indian e - commerce start - up founded by three former Flipkart executives , has raised $ 225 m in series B funding , bringing its total valuation to over $ 1bn . The company ’s mobile app connects traders , wholesalers and retailers in India , helping small businesses trade directly with manufacturers . While the app currently focuses on electronics and consumer goods , Udaan plans to expand into markets including industrial goods , fresh fruits and vegetables , and office supplies .