Tuesday, December 06, 2022
Outlook India
Outlook Business


India is currently the home of the third largest ecosystem of start-ups after the US and China

In October 2022, the company raised $120 million through convertible notes from its existing shareholders

Founded in 2016 by Vaibhav Gupta, Sujeet Kumar, and Amod Malviya, Udaan achieved its unicorn status in 2018

With this round, Udaan claimed that the total funds raised through convertible notes and debt in the last four quarters have crossed $350 million

Business-to-Business (B2B) brand Udaan is all set to raise $150 million through debt financing.

6.5 lakh GST registered sellers on its platform notwithstanding, can the B2B marketplace hold its own against Reliance's JioMart juggernaut?