Udaan receives ₹215 crore from Singapore-based parent firm

B2B e-commerce platform Udaan has received a capital infusion of around ₹215.15 crore ($30 million) from its Singapore-based parent company Trustroot Internet Private Limited. The startup had received capital from its parent firm in three installments of $10 million, $5 million and $20 million in 2019. Udaan's valuation had reached $2.8 billion after it raised $585 million in 2019.