According to a 2016 report by Deloitte and the Confederation of Indian Market, the B2B e-commerce market is anticipated to reach $700 billion by 2020 and is becoming a hot location for endeavor capital. About $200 million was raised in 2017 for startups in the sector, up from $115 million in 2016 and $30 million in 2015. B2B e-commerce platform Udaan turned into one of the fastest start-ups to go into the Billion Dollar Unicorn Club after it recently raised $225 million. Udaaan’s Journey Bangalore-based Udaan was established in June 2016 as Hiveloop Technology Pvt Ltd by Sujeet Kumar, previous President of Operations at Flipkart, Amod Malviya, former CTO of Flipkart, and Vaibhav Gupta, previous Senior VP at Flipkart. Udaan is a B2B trade platform where manufacturers and wholesalers can offer their products to retailers. The business helps with safe payments and smooth logistics. It likewise offers order management, accounting, payment management, and credit underwriting services to merchants on the
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