Udaan raises ~$160M, simplifies capital structure ahead of potential IPO
B2B e-commerce platform Udaan secured roughly $160 million via equity, debt and bond conversion, including $45 million in private credit from BlackRock. The round strengthens its balance sheet and streamlines capital structure as the firm eyes a public listing, backed by a 25% revenue CAGR and 70% cut in EBITDA burn.
B2B e-commerce firm Udaan raised ~$160 million via equity, debt and bond conversion, including $45 million private credit from BlackRock, to simplify its capital structure, strengthen its balance sheet and advance plans for a potential public listing.
Why this matters
Reinforces Udaan's pre-IPO push, echoing its $160M structured financing to shore up the balance sheet and the Singapore insolvency settlement at a $1.6-1.7B valuation.
Retail-company signals are accelerating, up +783200% QoQ.