Udaan aims to raise ₹4,000 cr to fund growth
- ByStartupStory | October 5, 2021
Udaan’s B2B market is expected to rise to 4,000 crore to fund growth as more retailers and wholesalers embrace digital commerce, two people who were immediately aware of the announced plan.
Udaan is likely to close the funding round in the coming weeks, said individuals, asking for anonymity.
The fundraiser will initially be worth $4.55 billion, according to one of the two people. “There could be unprecedented demand to add capacity as prospects migrate to ecommerce platforms,” the person said. It would be the largest fundraiser ever by five-year-old Udaan, who hired Goldman Sachs to handle the lawsuit, the person said.
Udaan currently has more than 3 million retailers and 25,000 merchants on its platform, and plans to “double its gross sales volume in one year” by partnering with additional merchants, expanding the logistics community and expanding the logistics community to increase. his business in the pharmaceutical and pharmaceutical sector. field of packaged consumer goods where demand has increased sharply.
The consultants said the digitization of retail and wholesale chains is more likely to survive the disaster and drive faster growth of individual buyers and business-centric e-commerce platforms.
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