Founder · Udaan

Vaibhav Gupta

Co-founder & CEO of Udaan, a b2b e-commerce company based in Bengaluru.

Co-founder · CEOBengaluruB2B E-commerce
Founded
2016
Bengaluru, Karnataka, India
Raised to date
$349M
3 rounds on record
Latest round
Pre-IPO financing
$160M · 14 Jul 2026

About

Vaibhav Gupta is Co-founder & CEO of Udaan, a b2b e-commerce company based in Bengaluru, founded in 2016. Udaan's most recent disclosed round was a Pre-IPO financing of $160M in 14 Jul 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2016
Udaan
B2B E-commerce · Bengaluru

Udaan is India's largest B2B e-commerce platform, supplying kirana stores and small retailers across FMCG, HoReCa, fresh produce, staples and pharmaceuticals through a regional cluster-led operating model. Consolidated under Hiveloop Ecommerce ahead of a planned public listing.

Funding
14 Jul 2026Pre-IPO financing$160MM&G Investments, Lightspeed Venture Partners, BlackRock (new investor, per reports)
Jun 2025Series G (close)$114MM&G Investments & Lightspeed (leads), existing and new investors
Feb 2025Series G (first tranche)$75MM&G, Lightspeed Venture Partners, existing investors
Company profile →3 rounds on record

Journey with Udaan

2 milestones
  1. Jul 2026Funding

    Secures $160 million combining fresh equity, new debt and partial conversion of convertible bonds, simplifying its capital structure ahead of a planned listing.

  2. Sep 2026Milestone

    Acquires Swiggy's retail distribution platform Lynk at a ₹500 crore enterprise value, settled through preference shares issued to Swiggy, which takes a combined stake of about 3.2 per cent. Lynk contributed ₹668 crore of revenue in FY26 and works as an authorised FMCG distributor across more than 100,000 retail stores in eight cities.

Coverage

1 story
Funding · 25 May 2026 · 3 min read
Udaan in Talks to Raise $50-60 Million From Lightspeed and M&G Ahead of IPO