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Tencent Invested Indian B2B Platform Udaan

October 10, 2019 8:17 am

Udaan, the Indian Business-to-business (B2B) platform, raised $585 million from Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures.

With this fundraise, Udaan will continue its long-term investment approach in building its platform.

Founded by former Flipkart executives Amod Malviya, Sujeet Kumar, and Vaibhav Gupta, Udaan has operations in categories such as lifestyle, electronics, home and kitchen, staples, fruits and vegetables, fast-moving consumer goods, toys, and general merchandise.

Source: Business Standard