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UDAAN FRESH FUNDING
Udaan’s pre-IPO top-up; Tata’s Assam chip hub test runHappy Monday! Udaan is in talks to raise fresh funds amid IPO talks. This and more in today's ETtech Morning Dispatch.- Udaan in talks to raise $50-60 million from existing backers Lightspeed, M&G: sourcesThe Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated a...
- Udaan closes latest funding round at $114 million led by UK’s M&G, LightspeedThe company said that this fresh capital will be deployed towards strengthening its footprint with a focus on categories such as fast-movin...
- Udaan raises $75 million from UK’s M&G, Lightspeed at flat valuationCEO Vaibhav Gupta stated that an additional $25 million could be expected in the upcoming quarter. The investment comes as the Bengaluru-ba...
- Udaan closes another Rs 300 crore in debt from Lighthouse Canton, Stride Ventures, othersUdaan said it will use the fresh capital to expand its geographical footprint through its 'Micro-Market strategy', optimise operations, enh...
- udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capitaudaan focuses on sustainable growth and profitability, supported by strategic initiatives and operational excellence in the eB2B market.
- Udaan eyes $100 million from UK’s M&G, others at flat valuationUdaan has been scaling down operations to cut its burn in a tightening liquidity market. The company has now refined its strategy, concentr...
- Udaan FMCG biz head Vinay Shrivastava quits; fourth senior exit since Sept’23Udaan's FMCG business head, Vinay Shrivastava, has resigned amid a series of senior exits at the B2B e-commerce firm. Shrivastava, with nea...
- Udaan valuation dives to $1.8 billion in down roundBengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021. It closed a $340 million financing last De...
- UK’s Prudential may lead Udaan down round; below $2 billion value seenThe Lightspeed India-backed startup is likely to see a significant drop in its valuation, to under $2 billion during the new financing roun...
- Udaan lays off over 100 employees shortly after $340 million fundraiseMost of the job cuts happened in the go-to-market (GTM) team, which handles relationships with sellers, among other responsibilities, peopl...
- Udaan raises $340 million in funding from UK’s M&G Prudential, othersThe funding round also saw participation from existing investors such as Lightspeed Venture Partners and DST Global, the firm said in a sta...
- udaan announces $340 million series E financingWith this exercise, udaan’s business is fully funded and on course to achieve its objective of becoming profitable in the next 12-18 months.
- Udaan raises $120 million through convertible notes, IPO delayedUdaan CEO had told ET on February 16 that the company was planning to go public by May 2023.
- Udaan to take on Meesho, DealShare as it enters consumer-facing grocery businessUdaan, with its new platform Price Company, is entering the consumer-facing grocery business through the group-buying or community model, a...
- Udaan to buy back employee stocks worth Rs 165-175 croreUdaan joins a slew of companies such as Cred, Swiggy, Razorpay, Acko, Zerodha and Browserstack that have announced Esop buybacks in the pas...
- NR Narayana Murthy’s Catamaran Ventures in talks to pick up stake in UdaanA minority stake in Udaan will give NR Narayana Murthy’s Catamaran Ventures a foothold in India’s B2B e-commerce space dominated by IndiaMa...
- Udaan builds war chest to take on Reliance, Amazon and FlipkartUdaan has raised $280 million in a follow-on funding round from a clutch of new and existing investors at an estimated valuation of $3.1 bi...
- Udaan to raise $500 million, valuation may climb 2x to $2.2 billionRound may see new investors like Hillhouse, Altimeter along with existing backers.
- Trustroot puts Rs 139 cr in UdaanUdaan set to take off with a fresh tranche of funds from Trustroot, even as HealthKart gets fresh funding.
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