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).