Fintech and e-commerce unicorn Udaan’s parent firm bags $300 million in series D round from Altimeter Capital, Footpath Ventures, others

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

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.

While, DST Global and Lightspeed Venture Partners also participated in the round.

The Bengaluru-based Udaan was founded by Amod Malviya, Sujeet Kumar and Vaibhav Gupta in 2016. It is aimed at making business easy in India, and making B2B commerce convenient and efficient.

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.

Some of the other similar startups include Biizongo, Moglix, Jumbotail, Power2SME, ShopKirana, Just Buy Live, etc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Mouni Roy loving the magical touch of ‘Made In China’

Mumbai, Sep 19 (IANS) Actress Mouni Roy is happy with the positive response to the trailer of "Made In...

B’wood superstar Akshay Kumar has a namesake actor in London!

London, Sep 19 (IANS) Bollywood superstar Akshay Kumar has a namesake in East London who is also incidentally in the same...

Mindtree opens European headquarters in London

Bengaluru, Sep 19 (IANS) Bangalore-based Mindtree, a global technology services company, here on Thursday announced opening of new European headquarters in London.The new office...

Amarinder inspects construction work of Kartarpur corridor

Dera Baba Nanak (Punjab), Sep 19 (IANS) With less than two months to go for the historic 550th Prakash Purb...

Apple files to trademark the ‘Slofie’ name

San Francisco, Sep 19 (IANS) Apple has applied for a US trademark on 'Slofie', potentially giving the company control over the word's usage."Slofie is...
- Advertisement -

More Articles Like This