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Udaan, a B2B e-commerce platform, has raised $200M in convertible notes from Arena Investors and Tor Investment Management, among some undisclosed investors. It has also drawn $50M in debt funding from undisclosed investors.

HOW’S THE COMPANY PERFORMING?

• India-based Udaan connects retailers, wholesalers, manufacturers, and traders to facilitate the purchase of goods and provide access to working capital.
• The platform caters to 3M users, 2M retailers, and 30K sellers, and it offers 500,000 products across 1K cities and towns. It oversees 4.5M transactions each month.
• The company’s product catalog covers fast-moving consumer goods (FMCG), pharmaceuticals, electronics, and food, among other categories. It has partnered with brands such as Prestige, Milton, Boat Lifestyle, Micromax, HP, Coca-Cola, PepsiCo, and P&G.
• Udaan is headquartered in Bengaluru and maintains offices across several cities in India.

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The post Indian B2B Marketplace That Connects Wholesalers With Small Retailers Raises $200M In Equity — Udaan’s Competitors Include IndiaMart, JioMart, And Meesho, Among Others appeared first on CB Insights Research.