Udaan raises $160M structured financing to strengthen balance sheet ahead of IPO
B2B ecommerce platform Udaan closed a ~$160M package combining $114M Series G equity, $45M private credit and debt-to-equity conversion to simplify its capital structure. The raise, backed by Lightspeed and M&G, comes as the company posts 25% revenue CAGR and cuts EBITDA burn by 70% ahead of public listing plans.
B2B ecommerce platform Udaan announced a ~$160M structured financing combining fresh equity, new debt and debt-to-equity conversion to strengthen its balance sheet and simplify capital structure ahead of long-term public listing plans.
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- Entrackr — Same time