Udaan raises $160M, settles Singapore insolvency at $1.6-1.7B valuation ahead of IPO
B2B commerce platform Udaan secured ~$160M via $50-60M fresh equity, $45M new debt and bond conversion, settling its Singapore holding company's insolvency case. The recapitalisation cleans a balance sheet burdened by Rs 13,000 crore in accumulated losses and clears the runway toward a proposed India IPO, though at a valuation below its prior $1.8B mark.
B2B commerce platform Udaan raised ~$160M via equity, debt and bond conversion, settling its Singapore holding company's insolvency case. The recapitalisation values it at $1.6-1.7B, cleans its balance sheet, and clears the path toward a proposed India IPO.
Why this matters
Follows reports that Udaan lined up a $160M round and structured financing to shore up its balance sheet, and moved to sign a recapitalisation deal with stakeholder backing ahead of IPO.
Retail-company signals accelerating, up +782800% QoQ.