Udaan Lines Up $160 Mn Round To Shore Up Balance Sheet Ahead Of IPO
B2B ecommerce unicorn Udaan is raising ~$160 Mn through fresh equity, new debt and debt-to-equity conversion to strengthen its balance sheet, resolve an insolvency overhang on its Singapore parent, and prepare for a future public listing. The move follows a 25% revenue CAGR over 10 quarters and a 70% cut in EBITDA burn.
B2B ecommerce unicorn Udaan is raising ~$160 Mn via fresh equity, new debt and debt-to-equity conversion to strengthen its balance sheet, resolve insolvency overhang on its Singapore parent, and prepare for a future public listing.
Why this matters
The $160 Mn round follows Udaan's recapitalisation deal and a restructuring pact backed by BlackRock's private credit, marking a coordinated balance sheet overhaul as the B2B ecommerce unicorn positions for an IPO.
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