Boosting Business for Kirana Stores and Small Enterprises Udaan, a prominent online B2B platform in India, has successfully raised ₹300 crore in debt financing. This substantial funding comes
Udaan, a prominent online B2B platform in India, has successfully raised ₹300 crore in debt financing. This substantial funding comes from notable investors, including Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The infusion of capital aims to enhance Udaan’s operations and solidify its position as a preferred partner for kirana stores and small businesses across the country.
Founded in 2016 by Vaibhav Gupta, Sujeet Kumar, and Amod Malviya, Udaan specializes in facilitating supply chain and logistics operations focused on B2B trade. With this latest funding, Udaan plans to implement a ‘Micro-Market strategy,’ which will enable the company to expand its geographical reach and better serve local markets. By establishing new micro-fulfilment centers, Udaan aims to optimize its operational efficiency and streamline supply chain processes.
The fresh capital will also be directed towards enhancing Udaan’s go-to-market capabilities. This means improving how the company interacts with its partners, especially kirana stores, and ensuring they receive the best services possible. Udaan’s goal is to make it easier for these small businesses to thrive in a competitive market.
Kiran Thadimarri, Senior Vice President of Group Finance at Udaan, expressed confidence in the company’s future. He noted that the funding not only strengthens Udaan’s financial position but also provides the flexibility needed to grow their Cluster model. This model is essential for sustained growth and will help Udaan maintain its leading role in the eB2B sector.
Udaan’s focus on supporting kirana stores and small businesses is significant. These enterprises are crucial to India’s economy, and Udaan’s initiatives can help them modernize and optimize their operations. By enhancing supply chain processes and providing better market access, Udaan aims to empower these businesses, allowing them to serve their customers more effectively.
With this recent funding round, Udaan is well-positioned to expand its services and strengthen its market presence. The company’s commitment to enhancing its partnerships with kirana stores and small businesses reflects its understanding of the vital role these enterprises play in the Indian economy. As Udaan embarks on this exciting journey, the future looks promising for both the platform and its partners.
