Octahedron Capital and Moonstone Capital led a $280m funding round in Udaan.

Octahedron Capital, a private equity firm, and Moonstone Capital, an independent advisory firm, led a $280m funding round in Udaan, a business-to-business marketplace. The round was also joined by Lightspeed Venture Partners, DST Global, GGV Capital, Altimeter Capital and Tencent. “Udaan is at the forefront of this uniquely Indian e-commerce opportunity, emerging in the last 4 years as one of the largest e-commerce platforms in India, while taking an India-first mobile-first approach to e-commerce. This financing enables us to further our journey of taking e-commerce to the depth and breadth of the country, with Udaan’s unique low-cost model for core middle India,” Amod Malviya, Udaan Co-Founder.