Trustroot Internet, a Singapore-based parent entity of a fintech and e-commerce startup Udaan, has bagged $300 million (approx ₹2143 crore) funding in its series D round from Altimeter Capital, Footpath Ventures, GGV Capital, and Hillhouse Capital.
As per its website, India has 50m+ SMBs, who form core of Indian economy and society. They are the entrepreneurial pulse of India.
The platform believes that internet is a great equalizing platform. It want to bring its energies together in bringing power of Internet to the millions of entrepreneurs.
Currently, the company is valued at $2.7 billion. The company connects manufacturers and wholesalers with retailers online, and has more than 1,50,000 buyers and sellers from 29 states on its platform.