Monday, December 23, 2024 | 02:13 AM ISTEN Hindi

Home / Companies / News / Udaan eyes funding to become largest B2B retail player in Asia

Udaan eyes funding to become largest B2B retail player in Asia

The company has already raised $1.2 billion and is currently valued at $3.1 billion

Premium

(L - R) Amod Malviya, Vaibhav Gupta, Sujeet Kumar - Co-founders, Udaan

Surajeet Das Gupta New Delhi

4 min read Last Updated : Nov 19 2021 | 7:19 PM IST

Online retail B2B unicorn Udaan is planning to go for a fresh round of funding in the next two to three quarters, its last before it hits for an IPO in 18-24 months.

The company has already raised $1.2 billion and is currently valued at $3.1 billion.

Udaan has charted out an ambitious growth plan: it wants to be the largest B2B retail platform in Asia (excluding China), with a 15 per cent share of the total retail trade (currently it is at 1 per cent) in the next 7-10 years in India with transactions of over $100 billion annually.

Topics : B2B startups E-commerce marketplace Fundraising Startups unicorn companies

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in