Udaan
The investment arm of the U.K. retail bank M&G has led a funding of $340 million into Udaan, a business-to-business e-commerce startup, in one of the largest financing rounds secured…
India’s Udaan has raised $120 million in convertible notes and debt led by existing shareholders and bondholders, a top executive told employees in an email Thursday and seen by TechCrunch,…
1K Kirana raises $25 million for its hyperlocal shopping and distribution platform
1K Kirana, an Indian startup that operates an eponymous hyperlocal shopping app and retail distribution network, has raised $25 million in a new financing round as it attempts to help…
Lightspeed India Partners, investor in Byju’s, Udaan and Ula, eyes over $500 million for new fund
Lightspeed India Partners is looking to raise over $500 million for its fourth fund as one of the most successful venture funds in the world’s second largest internet market looks…
Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir
Informal retail is king in Africa, with hundreds of billions of dollars of consumer goods sold through its channels yearly. Yet its industry remains highly fragmented as shop owners and…
Indian commerce startup Udaan, which helps merchants secure inventory and working capital, has raised $250 million as it accelerates its scaling efforts and prepares to explore the public markets. The…
Ula raises $20 million to expand its e-commerce marketplace in Indonesia
Tokopedia, Lazada, Shopee, and other firms created an e-commerce market in Indonesia in the past decade, making it possible for consumers to shop online in the island nation. But as…
Business-to-business marketplace Udaan has raised $280 million from new and existing investors as the Indian startup builds a war-chest to accelerate its growth and fend off rivals. The new capital…
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From India’s richest man to Amazon and 100s of startups: The great rush to win neighborhood stores
After spending more than a decade disrupting the neighborhood stores in the U.S. and several other markets, Amazon and Walmart are employing an unusual strategy in India to face off this competitor: Friending them. Walmart and Amazon, both of which face restrictions from New Delhi on what all they could do in India, have partnered…
High-profile startup execs back Indian influencers platform CreatorOS
The advent of low-cost Android smartphones and the world’s cheapest mobile data has paved the way for millions of social media influencers in India to amass a following of tens…
Lightspeed India Partners on Tuesday announced it has closed $275 million from LPs for its third fund as the top American venture firm looks to ramp up its investments in…
Flipkart buys Walmart’s India wholesale business to reach mom and pop stores
Flipkart said on Thursday it is launching a wholesale marketplace to serve small and medium-sized businesses and neighborhood stores in India, entering an increasingly crowded space that has attracted several…
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Indian startups diversify their businesses to offset COVID-19 induced losses
E-commerce giant Flipkart is planning to launch a hyperlocal service that would enable customers to buy items from local stores and have those delivered to them in an hour and a half or less. Yatra, an online travel and hotel ticketing service, is exploring a new business line altogether: supplying office accessories. Flipkart and Yatra…
5-month-old Indonesian startup Ula raises $10.5 million for its wholesale e-commerce marketplace
Five-month-old Indonesian startup Ula, which aims to help small retailers solve inefficiencies that they face in supply chain, inventory and working capital, said today it has raised $10.5 million in…
Agritech startup DeHaat raises $12M to reach more farmers in India
DeHaat, an online platform that offers full-stack agricultural services to farmers, has raised $12 million as it looks to scale its network across India. The Series A financial round for…
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Inside Udaan’s push to digitize India’s B2B retail market
During a recent visit, Microsoft chief executive Satya Nadella reiterated his company’s commitment to India and revealed a new fund to help SaaS startups in the country. And then Nadella and Anant Maheshwari, president of Microsoft India, discussed the success story of B2B platform Udaan in three separate onstage public appearances. Headquartered in Bangalore, Udaan…
GGV Capital says mom-and-pop shops can boost e-commerce in emerging markets
Despite the rapid growth of e-commerce in India, Southeast Asia and other emerging markets, the vast majority of retail transactions there still happen offline in small stores that also serve…
India’s Udaan raises $585M to expand its B2B e-commerce platform
Udaan, a three-year-old business-to-business e-commerce platform in India, has raised more than half a billion dollars in a new financing round as it looks to bring more kirana stores (neighborhood…
