🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Startup funding rises to $511.47 million on Udaan boost
Economic Times
·
1y ago
Medial
In the week of December 9-15, 11 startups raised a total of $511.47 million in funding, with Udaan, a B2B e-commerce startup, securing a significant portion. Compared to the same week last year, there was a 20% drop in volume but a 4.8X increase in value. The majority of the funding went to growth and late-stage startups. However, overall funding for Indian startups in 2023 decreased to $7 billion, less than one-third of the previous year's estimate of $25 billion.
View Source
1
Related News
Udaan raises $114M led by M&G, Lightspeed
YourStory
·
1m ago
Medial
B2B ecommerce firm Udaan raised $114 million in new funding led by M&G Investments and Lightspeed Venture Partners, focusing on profitability and an impending IPO. Founded by ex-Flipkart executives in 2016, Udaan is India's largest eB2B platform. The funds will expand FMCG and HoReCa segments, boost private-label offerings, and improve the balance sheet. Udaan aims for EBITDA profitability in 18 months, implementing a cluster-led model to enhance margins and control costs.
View Source
Udaan appoints Nillambaran Ganenthiran to boost financial revival and strategic direction
Startup News FYI
·
1y ago
Medial
Former Instacart executive Nillambaran Ganenthiran has joined Udaan's board of directors, the B2B e-commerce company's parent company Trustroot Internet confirmed. Ganenthiran, known for investing in quick commerce startup Zepto, took up his position on August 17. His presence is expected to represent Lightspeed, a principal shareholder in Udaan. Udaan is reportedly in talks for an internal funding round of $200-250 million, though concerns about valuation reduction persist due to economic challenges. Despite financial challenges, Udaan has focused on cost-saving measures and streamlining operations to navigate the market landscape.
View Source
UK’s Prudential may lead Udaan downround; below $2 billion value seen
Economic Times
·
1y ago
Medial
UK savings and investment firm M&G Prudential is reportedly in talks to lead a new round of equity funding for Indian B2B e-commerce startup, Udaan. The funding round is expected to result in a significant drop in Udaan's valuation, from $3.2 billion to under $2 billion. The fresh investment is anticipated to be in the range of $100-150 million, with M&G Prudential also converting its previous convertible notes into equity. Udaan has been scaling down operations and focusing on profitability amid a tighter liquidity market.
View Source
Udaan Seeks Fresh Funding Of Up To $100 Mn
Inc42
·
9m ago
Medial
M&G Prudential has announced a new round of funding that will increase its stake in Udaan, a digital commerce platform. The funding will raise Udaan's valuation to $1.8 billion. In December 2023, Udaan raised $340 million in a Series E funding round led by M&G Prudential.
View Source
B2B commerce platform Udaan wraps up Series G funding round
VCCircle
·
1m ago
Medial
Udaan, a B2B e-commerce platform, concluded its Series G funding round, raising $114 million led by M&G Investments and Lightspeed. The funding aims to expand Udaan's category and customer reach, focusing on FMCG and HoReCa segments, and to bolster private label brands. The capital will strengthen Udaan's balance sheet as it seeks a public market debut. Founded in 2016, Udaan connects retailers, wholesalers, and manufacturers across various sectors.
View Source
Udaan eyes $100 million from UK’s M&G and others at flat value
Economic Times
·
9m ago
Medial
UK savings and investment firm M&G Prudential is reportedly in talks to lead a $80-100 million funding round for Indian B2B ecommerce firm Udaan. This would increase M&G Prudential's shareholding in Udaan, though the valuation is expected to remain flat. Udaan is focused on reducing costs and implementing restructuring plans, with a goal of becoming Ebitda profitable. The company's net merchandise value run-rate has decreased, but it has seen growth in categories such as grocery, pharma, and general merchandise. Udaan intends to move its domicile back to India in preparation for a potential IPO.
View Source
Daily Indian Funding Roundup – June 2, 2025
StartupTalky
·
1m ago
Medial
On June 2, 2025, several Indian startups across various sectors raised significant funding. B2B e-commerce platform Udaan secured $114 million, maintaining its $1.8 billion valuation, while D2C fashion brand Snitch attracted $40 million in a Series B round. Fintech company Spense raised $1.85 million, and Pepperfry obtained INR 43.3 crore to enhance growth. Agri-financing firm Samunnati garnered INR 50 crore for expanding its credit solutions, reflecting investor confidence in India's dynamic startup ecosystem.
View Source
Getting Udaan IPO-ready: The inside story of a pivot
Livemint
·
1y ago
Medial
Udaan, an online trade platform for businesses and shop owners, raised $340 million in a Series E round led by M&G plc. However, the funding round valued the startup 44% lower than its previous estimate of $3.1 billion. Udaan's revenue shrunk by 43% in 2022-23, resulting in losses of ₹2,076 crore. The company has undergone a major operational pivot, adopting a cluster approach with localized supply chains to optimize costs. It aims to go public in the next 18 months. Udaan is also focusing on its private labels business and facing growing competition in the B2B commerce space.
View Source
Udaan FMCG biz head Vinay Shrivastava quits; fourth senior exit since Sept’23
Economic Times
·
1y ago
Medial
Vinay Shrivastava, the FMCG business head of Udaan, has resigned from his position after almost four years with the company. This is the fourth senior exit from Udaan since September 2023. Udaan has been restructuring its teams and business verticals to streamline costs, including merging its essentials and discretionary business divisions. The company recently raised $340 million in a funding round, but its valuation has fallen to around $1.8 billion.
View Source
B2B ecommerce unicorn Udaan raises fresh debt
VCCircle
·
9m ago
Medial
B2B ecommerce platform Udaan has secured approximately Rs 300 crore ($40.6m) in debt financing from venture debt investors including Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The funds will be used to strengthen Udaan's balance sheet, expand its geographical reach, improve operational efficiency, and enhance service delivery for customers. Udaan aims to continue leading the B2B market in the evolving business landscape. This debt funding follows a $340 million Series E financing round led by M&G Plc earlier this year. Udaan reported consistent growth and is on track to achieve profitability.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in