Key Highlights
B2B online marketplace Udaan has raised Rs. 139 Crore from its Singapore-based parent Trustroot Internet Pte.
Udaan has become the first startup to reach unicorn status only in 26 months of its registration.
Udaan has more than 150,000 buyers and sellers from 29 states on its platform.
Hiveloop Technology, which operates and owns Bengaluru based B2B online marketplace Udaan, has received fresh funding of Rs. 139 Crore from its Singapore-based parent Trustroot Internet Pte. As per ROC Filings with MCA Trustroot has been allotted 205,616 Series D compulsorily convertible participative preference shares (CCPPS) on May 6, each at a premium of Rs 6,774.49 per share.