Udaan received $30 million from its parent entity
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Udaan, the B2B e-commerce platform has recently received $30 million of funding from its parent entity, Singapore-based Trustroot Internet pvt ltd. It is the largest deployment from Udaan’s holding company till date. In its Series D round, Udaan has raised $585 million of funding and the valuation of the company has increased by 2.8X to $2.8 billion in that round. Udaan is backed by Tencent, Lightspeed and Hillhouse.