B2B e-commerce portal Udaan raises $250-M

Bengaluru-based business-to-business (B2B) e-commerce platform Udaan has raised USD 250 million via convertible notes and debt. Of the total, the firm has raised USD 200 million via convertible note and the rest as debt. Udaan claims to have a network of over 3 million registered users and about 30,000 sellers across over 900 cities in India, covering more than 12,000 pin codes. The platform has over 2 million retailers, chemists, kirana shops and farmers doing over 5 million transactions per month.