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UDAAN FOUNDERS
Early-stage vertical commerce startups continue to draw VC interest across beauty, fashion, servicesInvestors are pouring money into quick commerce startups across fashion, beauty, and services. Companies like Firi, Dazzl, and Klydo are se...- AITS raises $4 million in pre-series A to expand Rysen School network across IndiaInvestment by Big Capital, Redbrook Fund to accelerate expansion of the Rysen School network and strengthen its future-ready, technology-in...
- India venture debt deployment grows marginally in 2025 to $1.3 billion: ReportVenture debt in India reached $1.3 billion in 2025. Deal numbers decreased, indicating slower startup funding. Venture capital investments ...
- Startup Mafia 2.0 going strong: Zomato, Freshworks, Zoho alumni launch 360 firmsIn 2023, ET reported that the second generation of the startup mafia had given rise to 253 companies. That number has since increased sharp...
- Udaan buys ShopKirana; Paytm Money’s new CEOB2B platform Udaan has acquired retail tech startup ShopKirana. This and more in today’s ETtech Top 5.
- Udaan acquires retail tech startup ShopKirana for $88.5 million in stockUdaan has strategically acquired ShopKirana in an all-stock deal to bolster its eB2B presence before its IPO. This move will enhance Udaan'...
- udaan acquires retail-tech startup ShopKiranaudaan, an eB2B platform, has acquired retail-tech startup ShopKirana, bringing Info Edge on board as a shareholder. This acquisition aims t...
- Udaan closes latest funding round at $114 million led by UK’s M&G, LightspeedThe company said that this fresh capital will be deployed towards strengthening its footprint with a focus on categories such as fast-movin...
- udaan secures $114 million in Series G funding led by M&G Investments and LightspeedThe capital will fuel expansion in the FMCG category and HoReCa segment, alongside private label initiatives. udaan aims for profitability,...
- udaan partners with government, SIDBI to transform Fair Price Shops into ‘Jan Poshan Kendras’The initiative aims to boost dealer incomes and improve nutrition. Initially, 60 shops across four states are involved, with the potential ...
- Udaan valuation dives to $1.8 billion in down roundBengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021. It closed a $340 million financing last De...
- udaan announces $340 million series E financingWith this exercise, udaan’s business is fully funded and on course to achieve its objective of becoming profitable in the next 12-18 months.
- Ecommerce startup Udaan to trim costs ahead of 2025 IPOLightspeed Venture Partners-backed Udaan is among startups trying to tap the rapid growth of India’s economy and consumer market, while mee...
- Udaan raises another $35 million in funding from EvolutionX via convertible notes and debtUdaan’s latest funding comes close on the heels of $120 million raised through convertible notes and debt from existing shareholders and bo...
- Udaan names cofounder Vaibhav Gupta as CEO, eyes IPO in 18-24 monthsAmod Malviya and Sujeet Kumar, the other two cofounders, will support the effective functioning of a "CEO-led organisation" and will contin...
- Udaan rejigs board, co-founder, Vaibhav Gupta, appointed as CEOThis is in line with the evolution needed for udaan to become a publicly listed entity over the next 18-24 months.
- Udaan back to pre-second wave levels with GMV of $4-5 billionUdaan's recovery following the second wave this year has been quicker compared to how the business bounced back in 2020.
- Udaan eyes 100% growth in FY22Udaan said it has invested over Rs 4,000 crore in the past 12-18 months across technology, supply chain, and other areas
- Udaan to buy back employee stocks worth Rs 165-175 croreUdaan joins a slew of companies such as Cred, Swiggy, Razorpay, Acko, Zerodha and Browserstack that have announced Esop buybacks in the pas...
- Udaan gets $50 million in Series-B round to take offThis is one of the biggest funding rounds at an early stage in the Indian startup ecosystem.
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