Bengaluru-based B2B ecommerce platform Udaan raises $585 mln led by Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures

Udaan, the Bengaluru-based B2B ecommerce platform has raised funding of $585 million led by Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures. The round also saw participation from existing investors Lightspeed Venture Partners and DST Global.

With this fund raise, Udaan’s valuation is now believe to be $2.5 billion to $3 billion. Since 2016, Udaan has so far raised $870 million in funding.