India’s Udaan raised $120 million in convertible notes and debt led by existing shareholders and bondholders.
Udaan is addressing this issue by linking small retailers with wholesalers and traders. Thousands of brands, including Coca-Cola, PepsiCo, Boat Lifestyle, Micromax, HP, LG, ITC, HUL, and P&G, have signed up with the startup, which now serves over 3 million retailers and small and medium-sized businesses. Its supply chain and logistics operations for daily delivery cover over 1,000 cities and 12,000 zip codes.
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India’s Udaan raised $120 million in convertible notes and debt led by existing shareholders and bondholders.
Udaan is addressing this issue by linking small retailers with wholesalers and traders. Thousands of brands, including Coca-Cola, PepsiCo, Boat Lifestyle, Micromax, HP, LG, ITC, HUL, and P&G, have signed up with the startup, which now serves over 3 million retailers and small and medium-sized businesses. Its supply chain and logistics operations for daily delivery cover over 1,000 cities and 12,000 zip codes.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
