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…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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