Udaan Faces Insolvency Over $170 Mn Bond Default, Scrambles For Rescue Funding

B2B ecommerce unicorn Udaan risks insolvency after a $170 Mn bond default, with valuation crashing 69% below $1 Bn from $3.2 Bn. Revenue fell 20% YoY to ₹4,561 Cr against ₹1,055 Cr operational loss, as the firm chases a $200 Mn equity raise. Meanwhile Blinkit and Swiggy Instamart were denied a Meghalaya trading licence.

— Filed Fri, 3 Jul, 2026, 08:15 IST · Source Inc42 · Updated

B2B ecommerce unicorn Udaan faces insolvency over a $170 Mn bond default while scrambling for rescue funding. Blinkit and Swiggy Instamart denied trading licence in Meghalaya over local-store concerns; FirstCry's Swara files ₹1,000 Cr IPO; Ninjacart and ShareChat advance IPO plans.

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