B2B e-commerce platform Udaan has raises Rs 139.5 crore from Singapore-based holding company – Trustroot Internet Pte. Over the past 5 months, Trustroot has invested over Rs 400 crore capital in the Bengaluru-based firm.
The fund infusion is a part of Udaan’s $225 million equity financing round in September 2018 led by two of its existing investors DST Global and Lightspeed Venture Partners. In FY18, Udaan registered Rs 65 crore as revenue in lieu of Rs 66 crore expense and Rs 59.5 crore loss. (Source)
