Funding round
Udaan Series G
Udaan, which works in B2B marketplace platform development in Bengaluru, raised $114M in a Series G round announced on 2 Jun 2025, led by M&G Investments and Lightspeed, at a $1.80B post-money valuation. 2 firms took part. It is Udaan's sixth venture round on record; the one before was a Series E in Dec 2023.
$114M
Amount raised
$1.80B
Post-money valuation
$1.69B pre-money
2
Investors
2 leads
0.6x
Step-up from the Series D
$3.10B in Jan 2021
6.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Udaan at $1.80B after the new money, 0.6 times the $3.10B of its Series D (Jan 2021). The $114M bought investors about 6.3% of the company. It came 18 months after Udaan's Series E. It is 11% of the $1.02B Udaan has raised in the venture rounds on record. No later venture round is on record for Udaan.
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 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 this round 2 Jun 2025, led by M&G Investments and Lightspeed $114M$1.80B post-money
Investors
Who put money in
M&G Investments and Lightspeed led the round.
Lead investors
- M&G Investments new investor
- Lightspeed new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series G rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cato Networks Tech Companies | 30 Jun 2025 | $359M | $4.80B | Vitruvian Partners and ION Asset Management |
| Rippling Tech Companies | 9 May 2025 | $450M | $16.80B | not named |
| Addepar Tech Companies | 13 May 2025 | $230M | $3.25B | Vitruvian Partners and WestCap |
| CRED Payment Processing & Point of Sale | 30 May 2025 | $75M | $3.50B | not named |
| Oil & Gas - Extraction & Distribution | 14 Jul 2025 | $25M | not disclosed | not named |
| Anduril Aerospace and Defence | 15 Apr 2025 | $2.50B | not disclosed | not named |
| Rebel Foods Tech Companies | 22 Apr 2025 | $25M | $1.61B | not named |
| Infra.Market Building Material Manufacturers | 18 Sep 2025 | $83M | $2.80B | Nksquared |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Udaan raise in its Series G round?
Udaan raised $114M in its Series G round, announced in Jun 2025.
Who led Udaan's Series G round?
M&G Investments and Lightspeed led it.
What was Udaan's valuation at the Series G round?
$1.80B post-money ($1.69B pre-money).