Tencent was among the investors that added $280m to the business e-commerce marketplace's series D round, valuing it at $3.1bn.
India-based business-to-business e-commerce platform Udaan has added $280m to a series D round featuring internet group Tencent and financial services firm Citi that now stands at $865m, TechCrunch reported today.
Tencent joined Octahedron Capital, Moonstone Capital, Lightspeed Venture Partners, GGV Capital, Altimeter Capital and partners of DST Global to supply the extra funding at a valuation a source familiar with the matter told TechCrunch was $3.1bn post-money.
Udaan operates an online marketplace where businesses can source a diverse range of…
