Jun 2, 08:18 AM

Udaan Raises $114 Million at $1.8 Billion Valuation From M&G and Lightspeed, Focuses on FMCG and Hospitality Ahead of IPO

Udaan, the Indian B2B e-commerce platform, has raised $114 million in a fresh capital infusion from its existing investors, UK-based M&G Investments and Lightspeed. The funding round was completed at a flat valuation of $1.8 billion. Earlier in February, $75 million of this amount had already been reported as secured from the same investors. Udaan plans to deploy the new capital to strengthen its presence, focusing on key categories such as fast-moving consumer goods (FMCG) and the hotel, restaurant, and cafe sectors. This funding round comes ahead of Udaan's planned initial public offering (IPO).

#Udaan #Indian #Lightspeed

Written with ChatGPT (GPT-4).

Sources

Chandra R. Srikanth@chandrarsrikant
8 months ago
Udaan raises $114 million in extended Series G round led by M&G and Lightspeed https://t.co/ADJF84XIjB via @moneycontrolcom
Moneycontrol@moneycontrolcom
8 months ago
#Business | Udaan raises $114 million in extended Series G round led by M&G and Lightspeed More details 👇 https://t.co/QcKuulYF46 #Udaan #Markets #Funding
Business Standard@bsindia
8 months ago
Udaan raises $114 mn from M&G Investments, Lightspeed ahead of planned IPO @PeerzadaAbrar reports for @bsindia #Udaan #IPO #IPOAlert https://t.co/uHZPfIOf5R

Udaan Raises $114 Million at $1.8 Billion Valuation From M&G and Lightspeed, Focuses on FMCG and Hospitality Ahead of IPO

Sources

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