B2B Online Marketplace Udaan Raises $50 Mn From Lightspeed, Others

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Bengaluru-based B2B online marketplace Udaan has secured $50 Mn in a Series B round of funding from Lightspeed US. Lightspeed Venture Partners India and funds associated with Russian billionaire Yuri Milner also participated in the round. The company will use the newly raised funding to add new sellers and buyers, expand its logistics network, hire more engineers and sales executives and launch new services like lending.

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