Udaan raises $160M structured round at $1.3B valuation, down 59% from peak
B2B e-commerce platform Udaan secured ~$160M via fresh equity, $45M private credit and bond conversion, backed by M&G, Lightspeed and Nomura. The IPO-bound firm reports FY25 revenue of ₹4,561.4 crore and a narrowed loss of ₹1,055.4 crore, with Bengaluru operations turning EBITDA-positive amid insolvency proceedings on its Singapore parent.
B2B e-commerce platform Udaan raised ~$160M via fresh equity, debt and bond conversion amid insolvency proceedings on its Singapore parent. IPO-bound firm reports narrowing losses and Bengaluru EBITDA profitability while navigating broader restructuring.
Why this matters
The round continues Udaan's push to simplify its capital structure and shore up its balance sheet ahead of a potential IPO, with improving margins offsetting a sharp valuation cut and parent insolvency.
Retail-company signals are accelerating, up 785100% QoQ.