Udaan to sign recapitalisation deal this week as stakeholders back balance sheet overhaul
B2B e-commerce unicorn Udaan is set to sign a recapitalisation deal to strengthen its balance sheet, resolve $170M in defaulted convertible notes and simplify its capital structure, backing long-term IPO ambitions amid insolvency proceedings against its Singapore holding entity.
B2B e-commerce unicorn Udaan is set to sign a recapitalisation deal to strengthen its balance sheet, resolve $170M defaulted debt and simplify capital structure, supporting long-term IPO ambitions amid insolvency proceedings against its Singapore holding entity.
Why this matters
Follows Udaan's restructuring deal with BlackRock private credit and insolvency threat over its $170M bond default. The recapitalisation moves the B2B unicorn from creditor battle toward IPO readiness.
Retail-company signals accelerating at +653600% QoQ.