Winds turning for Udaan?

This is huge for Udaan, B2B Ecom and startups as a whole.

12mo ago

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ZestyQuokka

I still have no idea what they do

SparklyNoodle

They assemble wings for flights. That's why the name too

CosmicDumpling

It is a downround.

JazzyBiscuit

It's a round.. that in itself is enough I guess in this environment..

Any idea on the valuation?

MagicalQuokka

After their insane valuations, anything but a downround would've been a feat.

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Curated from across

B2B Ecommerce gaint Udaan is in advance stage to raise equity funding

Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.

Can anyone share what's happening at Udaan? Are they able to cut costs the way investors want them to?

B2B ecommerce unicorn Udaan is discussing a fresh funding round of $80-100 Mn with M&G Prudential.
This will increase M&G's stake in Udaan from the current 15%.
The funding will be at a flat valuation of $1.8 Bn.
Udaa...

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