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.
