#TechSparksFromHome. Online B2B marketplaces have caught investors’ fancy as small and midsize businesses are increasingly turning to the internet to interact with a wide range of suppliers, allowing for better price discovery and lowering their purchasing expenses. The round also saw participation from existing investors Lightspeed Venture Partners and DST Global. Copyright © HT Digital Streams Limited All rights reserved.
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udaan funding

Udaan valuation is $2.7 b, and annual revenue was ₹16.90 m in Y 2017. Your session has expired, please login again. The annual revenue of the company is estimated to be $4M. Udaan facilitates the purchase and sale of fashion products, groceries and electronics among manufacturers, brands and retailers. Udaan was started by Sujeet Kumar, Amod Malviya, and Vaibhav Gupta, formerly with Flipkart, who realised that technology could be the game changer and believe Udaan’s journey has just begun. Times Internet Limited. Sujeet believes that today the entire supply chain is highly inefficient whether from a logistics perspective or price discovery or other aspects. NinjaCart connects farmers to retailers such as grocery stores, supermarkets and restaurants that buy fruits and vegetables. Moglix, a B2B marketplace for industrial goods, raised $60 million from Tiger Global and Sequoia Capital. Udaan, the fastest Indian startup to achieve unicorn status, The Series D round saw investments from both new and existing investors, Online B2B marketplaces have caught investors’ fancy as small and midsize businesses are increasingly turning to the internet to interact with a wide range of suppliers. All rights reserved.For reprint rights. Explaining the depth and scale of the market, Sujeet said.

Udaan founders: (from left) Vaibhav Gupta, Amod Malviya and Sujeet Kumar. “There is whole new generation that is taking charge of the SMEs in India and this is a young population which is technologically savvier and is using technology and digitisation to grow their business,” adds Vaibhav. It brings traders, wholesalers, retailers and manufacturers in India on to a single platform. Udaan founders - Amod Malviya, Vaibhav Gupta, and Sujeet Kumar (L-R). Brad Gerstner, Founder and CEO of Altimeter Capital, and Ram Parameswaran, Partner at Altimeter Capital, said: The platform is enabling this business to business (B2B) transaction, bringing together all participants onto a single platform - be it the wholesaler, distributor, producer, and the small retail shop owner. “We plan to get deeper into the food category this year and also explore adding other categories such as electricals, industrial equipment," Vaibhav Gupta, co-founder of Udaan, said in an interview.
#TechSparksFromHome. Online B2B marketplaces have caught investors’ fancy as small and midsize businesses are increasingly turning to the internet to interact with a wide range of suppliers, allowing for better price discovery and lowering their purchasing expenses. The round also saw participation from existing investors Lightspeed Venture Partners and DST Global. Copyright © HT Digital Streams Limited All rights reserved.

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