CosmicTaco
CosmicTaco

Udaan in Talks for $100M Fresh Funding

  • B2B ecommerce unicorn Udaan is discussing a fresh funding round of $80-100 Mn with M&G Prudential.
  • This will increase M&G's stake in Udaan from the current 15%.
  • The funding will be at a flat valuation of $1.8 Bn.
  • Udaan previously raised $340 Mn in a Series E round led by M&G Prudential in December 2023.
  • The company enables supply chain and logistics operations focused on B2B trade, delivering daily across over 1,000 cities and 12,500 pin codes.

Source: Inc42

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9mo ago
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Indian Startups
by JazzyBiscuitAccount Manager

B2B E-Commerce future

After closure of B2B vertical of Dealshare, will Udaan/Ninjacart/Elasticrun, etc. also close this vertical? Anyone from these companies who can share some details as to what's going on?