Udaan raises $160M ahead of IPO, shores up balance sheet on improving margins
B2B e-commerce platform Udaan secured ~$160 million via fresh equity, new debt including $45 million private credit, and debt-to-equity conversion. The Bengaluru firm cites 25% revenue CAGR, a 500 bps contribution margin gain and 70% cut in EBITDA burn as it prepares to list.
B2B e-commerce platform Udaan raised ~$160 million via fresh equity, new debt and debt-to-equity conversion to strengthen its balance sheet ahead of IPO plans, citing improved margins, reduced EBITDA burn and growing private-label staples business.
Why this matters
The raise follows Udaan's move to simplify its capital structure and settle a Singapore insolvency at a $1.6-1.7B valuation, signaling a coordinated push to clean up its balance sheet before an IPO.
Retail-company signals are accelerating, up +784500% QoQ.