Funding round
Udaan Series C
Udaan, which works in B2B marketplace platform development in Bengaluru, raised $225M in a Series C round announced on 1 Sep 2018, led by DST Global and Lightspeed Venture Partners, at a $1.00B post-money valuation. 2 firms took part, 2 of them already investors. It is Udaan's third venture round on record; the one before was a Series B in Feb 2018.
$225M
Amount raised
$1.00B
Post-money valuation
2
Investors
2 leads
23%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Udaan at $1.00B after the new money. The $225M bought investors about 23% of the company. It came 7 months after Udaan's Series B. It is 22% of the $1.02B Udaan has raised in the venture rounds on record. Udaan raised again 28 months later: a Series D round of $280M in Jan 2021, at $3.10B post-money.
Udaan's funding rounds
Udaan has 6 venture rounds on record and 3 other deals. This one is highlighted.
- Series A 23 Nov 2016, led by Lightspeed Venture Partners $10M
- Series B 21 Feb 2018, led by Lightspeed Venture Partners $50M
- Series C this round 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
DST Global and Lightspeed Venture Partners led the round. DST Global and Lightspeed Venture Partners had backed Udaan before.
Lead investors
- DST Global backs 179 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Kurly Groceries | 20 Sep 2018 | undisclosed | not disclosed | DST Global |
| Groceries | 15 May 2018 | $50M | not disclosed | Benchmark Capital |
| Groceries | 26 Jul 2019 | $13M | not disclosed | Arbor Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Udaan raise in its Series C round?
Udaan raised $225M in its Series C round, announced in Sep 2018.
Who led Udaan's Series C round?
DST Global and Lightspeed Venture Partners led it.
What was Udaan's valuation at the Series C round?
$1.00B post-money.
Did Udaan raise again after this round?
Yes: a Series D round in Jan 2021 of $280M at $3.10B post-money.