PE Fund Investments
B2B trading platform Udaan raises $120-M from existing shareholders, bondholders
Bengaluru-based B2B trade platform Udaan has raised USD 120 million (about INR 989.89 crore), through convertible notes and debt, in a round led by existing shareholders and bondholders. The company is looking to go public in the next 12-18 months.
From the Venture Intelligence PE-VC Deal Database: Between Nov 16 and Jan 22, Udaan had raised over USD 1,375 M from DST Global, Lightspeed Ventures, Tencent, GGV Capital and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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