Udaan raises $75 million from UK’s M&G, Lightspeed at flat valuation

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Udaan, the business-to-business (B2B) ecommerce firm, has secured $75 million in fresh funding from existing investors UK-based M&G Prudential and Lightspeed at a flat valuation, CEO Vaibhav Gupta informed employees in a town hall on Monday.

He also mentioned that an additional $25 million may come in the coming quarter, people aware of the matter said.

The investment comes as the Bengaluru-based B2B ecommerce firm continues its efforts to stabilise operations, at a time when multiple B2B ecommerce startups are going public.

A spokesperson for Udaan…



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Udaan raises $75 million from UK’s M&G, Lightspeed at flat valuation


Udaan, the business-to-business (B2B) ecommerce firm, has secured $75 million in fresh funding from existing investors UK-based M&G Prudential and Lightspeed at a flat valuation, CEO Vaibhav Gupta informed employees in a town hall on Monday.

He also mentioned that an additional $25 million may come in the coming quarter, people aware of the matter said.

The investment comes as the Bengaluru-based B2B ecommerce firm continues its efforts to stabilise operations, at a time when multiple B2B ecommerce startups are going public.

A spokesperson for Udaan…



Source link

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.

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