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Udaan, an Indian B2B e-commerce platform founded in 2016, is reportedly preparing for an initial public offering (IPO) in 2025. The company, which connects small retailers with wholesalers and traders across various categories including lifestyle, electronics, and groceries, recently raised $340 million in a Series E funding round. This funding, a combination of fresh equity and debt conversion, was led by M&G Plc with participation from existing investors Lightspeed Venture Partners and DST Global.
The e-commerce startup is focusing on strengthening its supply chain and enhancing vendor partnerships as it gears up for a potential public listing. Udaan CEO Vaibhav Gupta stated that the recent funding fully finances their business plans and positions the company to be public-market ready within the next 12-18 months. The company aims to achieve operating profitability around the same time as its planned IPO.
Udaan operates in a rapidly growing sector, with digital-led wholesale businesses in India projected to reach $150 billion in sales within a decade, according to McKinsey & Co. However, the company is also implementing cost-cutting measures and working to forge new partnerships with consumer brands as part of its pre-IPO strategy.
While Udaan has not yet decided whether to list in India or overseas, the company's moves towards professionalized management, board structure, and institutional shareholders indicate serious preparations for public markets. As Udaan continues to evolve its business model and financial performance in the lead-up to 2025, investors and industry observers will be closely watching its progress towards a potential IPO.
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While Udaan's IPO prospects remain uncertain, investors eager to gain exposure to India's rapidly growing B2B e-commerce sector don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies like Udaan, potentially allowing you to benefit from their growth before they go public. Our platform helps you diversify your portfolio by offering lower minimum investments in emerging industry leaders, including promising players in the e-commerce and logistics space.
2 - Investing.com - Udaan plans 2025 IPO while targeting operational profitability
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
