Market Data Current As Of: September 12, 2026
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Compare market positioning with top industry peers
Explore Udaan
Core profile pages, annual revenue records, and related research hubs for this company.
Founders
· Founded 2016 · Bengaluru, Karnataka, India
In late 2015, Amod Malviya, Sujeet Kumar, and Vaibhav Gupta left Flipkart after spending years building the e-commerce giant's core engineering, logistics (Ekart), and marketplace systems. While venture capitalists expected them to launch another consumer consumer-facing app, the three founders spent six months traveling by bus and train across small towns in Uttar Pradesh, Bihar, and Tamil Nadu. In every town, they observed the same painful reality: small shopkeepers—who represented over 90% of India's retail trade—were trapped in an exploitative wholesale supply chain. A bar of soap or bag of lentils passed through four to six layers of regional distributors, wholesalers, and transport agents, inflating prices and forcing shopkeepers into crushing debt with local moneylenders who charged exorbitant monthly interest rates. In 2016, the trio incorporated Hiveloop Technology in Bengaluru to build Udaan. Starting initially as a logistics and messaging platform for small textile weavers in Surat and electronics dealers in Delhi, Udaan rapidly expanded into a full-stack B2B e-commerce platform with integrated payments and credit. Recognizing the extraordinary caliber of the founding team and the sheer scale of the Indian B2B market, Lightspeed Venture Partners led early funding rounds. By September 2018—just 26 months after founding—Udaan raised a $225 million Series C round that valued the company at $1 billion, setting the record as the fastest Indian startup ever to achieve unicorn status.
Udaan was founded in 2016 by Amod Malviya, Sujeet Kumar, Vaibhav Gupta in Bengaluru, Karnataka, India.
The founders established Udaan with the objective of solving core inefficiencies in B2B E-Commerce, Wholesale Supply Chain, Retailer Trade Networks, SMB Credit & Logistics, laying the foundation for its current global scale.
Even as Udaan scales to $680M, the organization maintains the founders' commitment to innovation and customer-centric execution.