Udaan, the B2B e-commerce start-up founded by three former Flipkart executives, has raised $225m in series C 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. In a blog post, co-founder Rahul Bansal said that the company was “excited about our future growth prospects as we continue to build out our business model for merchants across India through an innovative combination of
Udaan, the B2B e-commerce start-up founded by three former Flipkart executives, has raised $225m in series C 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 aims to expand into areas including industrial goods, fresh fruits and vegetables, and office supplies.