Udaan was founded in June 2016 by former Flipkart executives Amod Malviya, Vaibhav Gupta and Sujeet Kumar, and operates through Hiveloop Technology Private Limited (incorporated 3 June 2016, ROC Bangalore). It became one of India's fastest companies to reach unicorn status. Its valuation peaked around $3.2B in early 2021 before falling ~50% to roughly $1.8B in a Jan 2024 down round.
Momentum is derived from funding recency, velocity, round count and scale.
udaan, India's largest eB2B platform operates across diverse categories including FMCG, Staples, Fruits & Vegetables, and Pharma. With an extensive network of retailers nationwide, thousands of suppliers, and leading national and regional brands on the platform, udaan enables efficient supply chain and logistics operations driven by technology and focused on B2B trade. udaan also enables financial products & services to small businesses, manufacturers, and retailers through udaanCapital - a fintech focused on addressing the working capital requirements.
Computer and related activities
Source: Ministry of Corporate Affairs company master (open data). Capital figures are as-of the 2021 registry snapshot, not live.
How to read this. Each figure compares the first and the last Web Traffic Rank reading we hold for this company. Web Traffic Rank is a POSITION, so a smaller number is better: a company shown as improving has moved DOWN the rank, from a larger number to a smaller one. We are working from 1 dated reading (both in 2026-07). Two readings are a before and an after. This is a change, not a trend.