Udaan Secures $114 Million in Series G Funding

June 2, 2025

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India’s leading B2B e-commerce platform, Udaan, has successfully closed a $114 million Series G funding round, led by existing investors M&G Prudential (UK) and Lightspeed Venture Partners.

This infusion of capital, executed at a flat valuation of $1.8 billion, aims to bolster Udaan’s operational capabilities and prepare the company for a potential public market debut.

Strategic Deployment of Capital

The newly acquired funds are earmarked for expanding Udaan’s footprint in key sectors such as fast-moving consumer goods (FMCG) and the hotel, restaurant, and café (HoReCa) segments. Additionally, the company plans to enhance its private label offerings, particularly in the staples category, to provide more value to its customer base.

This strategic focus is intended to deepen market penetration and strengthen vendor partnerships, thereby solidifying Udaan’s position in the competitive B2B e-commerce landscape.

Financial Performance and IPO Readiness

Udaan has been actively working towards improving its financial health in anticipation of a future initial public offering (IPO). The company reported an operating revenue of ₹5,707 crore in FY24, maintaining steady growth amidst significant operational restructuring.

Notably, Udaan has achieved a 40% annual reduction in EBITDA burn over the past three years and is on track to attain full group EBITDA profitability within the next 18 months. These financial milestones underscore the company’s commitment to sustainable growth and operational efficiency.

With this latest funding round, Udaan is well-positioned to enhance its service offerings, streamline operations, and move closer to its goal of becoming a publicly listed entity.