Credit and Finance for MSMEs: Udaan — the business-to-business (B2B) e-commerce marketplace unicorn for small and medium businesses, and others — has raised $280 million in additional financing from its existing investors apart from few new investors. The distribution portal, which enables retailers and businesses to source merchandise from manufacturers, brands, white labels, importers, etc. on a single platform, has raised the latest round from existing investors including Lightspeed Venture Partners, DST Global, GGV Capital, Altimeter Capital, and Tencent. Octahedron Capital and Moonstone Capital were the new investors added to the cap table. The latest funding is part of the Series D round wherein the company had raised $585 million in 2019. The total investment in the company so far stood at $1.15 Billion while the latest round valued the company at around $3 billion, a source told Financial Express Online, marginally up from approximately $2.6 billion during the last round.
