As the e-commerce company, Udaan makes strong recovery from the ongoing pandemic the company plans on raising $150-200 million funding from its existing investors. Udaan current existing investor are GGV Capital, Altimeter Capital, DST Global, Footpath Ventures, Hillhouse Capital, Citi Ventures, Lightspeed Venture Partners and Tencent. It was reported that the pandemic affected almost 60% of its operations.
It was given the status of a successful unicorn startup after Udaan managed to raise $585 million in funding in 2019 and was values at around $2.8 billion.
