Udaan closed a $114 million funding round led by M&G and Lightspeed. The capital will strengthen its financial position and support growth in key segments.

Jun 02, 2025•7 months ago

Amount Raised

$114 Million

BengaluruInformation Technology

Investors

Lightspeed Venture PartnersM&G Prudential

Description

Udaan has secured a $114 million funding round led by M&G Prudential and Lightspeed Venture Partners. The company aims to enhance its presence in FMCG and HoReCa segments. This funding will also fortify Udaan’s balance sheet ahead of its public market debut. Udaan has significantly reduced operational losses and aims for profitability in the next 18 months.

Company Information

Company

Udaan

Location

Bengaluru, Karnataka, India

About

The startup has raised $200 million via convertible note and $50 million as debt, its chief financial officer Aditya Pande told employees in an internal email, seen by TechCrunch. The startup today serves more than 3 million retailers and small and medium-sized businesses and it has signed up thousands of brands, including Coca-Cola, PepsiCo, Boat Lifestyle, Micromax, HP, LG, ITC, HUL and P&G. Udaan, co-founded by three former Flipkart executives, is solving this problem by connecting small retailers with wholesalers and traders.

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Funding Insights

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