India’s leading B2B e-commerce startup, Udaan, has raised $114 million in an extended Series G funding round, led by M&G Investments and Lightspeed Venture Partners. The Bengaluru-based company aims to expand its presence in FMCG and staples, strengthen its private-label brands, and prepare for a potential IPO.
🔴 Key Highlights:
- Funding led by M&G Investments and Lightspeed, with participation from existing and new investors.
- Valuation remains at $1.8 billion, unchanged from previous rounds.
- Over 60% year-on-year revenue growth in 2024, with a 300+ basis point improvement in contribution margin.
📢 Udaan’s Strategic Moves:
- The company is expanding into the HoReCa (Hotel, Restaurant, and Catering) segment.
- Plans to strengthen its balance sheet ahead of a potential public listing in 2026.
- Cost-cutting measures have led to a 40% reduction in EBITDA burn over the last three years.
⚠️ Market Impact & Future Outlook:
Udaan’s latest funding round reinforces its dominance in India’s B2B e-commerce space, where it holds a 70% market share. With India’s B2B sector projected to exceed $125 billion by 2027, Udaan is positioning itself for long-term growth and profitability.
👉 What do you think of Udaan’s expansion plans? Let us know in the comments!
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