Udaan in talks for $50-60M top-up from Lightspeed, M&G at flat $1.8B valuation

B2B ecommerce platform Udaan is negotiating a $50-60 million bridge from existing backers Lightspeed and M&G at a flat $1.8 billion valuation. Likely its last private round before an IPO targeted 15-18 months post-profitability. FY25 revenue hit Rs 4,561 crore; losses narrowed to Rs 1,055 crore as Ebitda burn fell 40%.

Udaan is negotiating a $50-60M bridge from Lightspeed and M&G at a flat $1.8B valuation, likely its last private round before IPO.

ET Retail · 5/25/2026, 5:26:27 AM · Ask about this →

Udaan + Flipkart + Infra.Market + Lightspeed Venture Partners + M&G Prudential + Zetwerk +