Funding round
Udaan Series A
Udaan, which works in B2B marketplace platform development in Bengaluru, raised $10M in a Series A round announced on 23 Nov 2016, led by Lightspeed Venture Partners. 1 firm took part. It is Udaan's first venture round on record.
$10M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Udaan did not disclose a valuation in this round. It is Udaan's first venture round on record, in the year it was founded (2016). It is under 1% of the $1.02B Udaan has raised in the venture rounds on record. Udaan raised again 15 months later: a Series B round of $50M in Feb 2018. Its next priced round, a Series C in Sep 2018, valued it at $1.00B.
Udaan's funding rounds
Udaan has 6 venture rounds on record and 3 other deals. This one is highlighted.
- Series A this round 23 Nov 2016, led by Lightspeed Venture Partners $10M
- Series B 21 Feb 2018, led by Lightspeed Venture Partners $50M
- Series C 1 Sep 2018, led by DST Global and Lightspeed Venture Partners $225M$1.00B post-money
- Series D 6 Jan 2021 $280M$3.10B post-money
- Debt not a venture round 5 Jan 2022 $200M
- Debt not a venture round 27 Oct 2022, led by Existing Shareholders and Bondholders $120M
- Series E 14 Dec 2023, led by M&G $340M
- Debt not a venture round 28 Oct 2024 $36M
- Series G 2 Jun 2025, led by M&G Investments and Lightspeed $114M$1.80B post-money
Investors
Who put money in
Lightspeed Venture Partners led the round.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Comparable rounds
How it compares
6 Series A rounds in Groceries within a year either side disclosed an amount; the median was $10M, and this round was close to the median. The closest in time, other companies' Series A rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Gopuff Groceries | 1 Aug 2016 | $8.3M | not disclosed | not named |
| Groceries | 8 Mar 2017 | $10M | not disclosed | Global Founders Capital and Intel Capital |
| Groceries | 10 Jul 2017 | $10M | not disclosed | GGV Capital |
| Groceries | 6 Jul 2017 | $8.5M | not disclosed | Kalaari Capital |
| Groceries | 1 Feb 2016 | $20M | not disclosed | not named |
| Groceries | 1 Aug 2017 | $10M | not disclosed | Wamda Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Udaan raise in its Series A round?
Udaan raised $10M in its Series A round, announced in Nov 2016.
Who led Udaan's Series A round?
Lightspeed Venture Partners led it.
What was Udaan's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Groceries?
6 Series A rounds in Groceries within a year either side disclosed an amount; the median was $10M, and this round was close to the median.
Did Udaan raise again after this round?
Yes: a Series B round in Feb 2018 of $50M.