B2B E-commerce Platform Udaan Raises $75 Million from M&G Prudential at Flat Valuation
Troubled B2B marketplace Udaan secures fresh funding from M&G Prudential and existing investor Lightspeed, maintaining previous valuation amid turnaround efforts.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $75 M |
| Sector | Udaan |
| Coverage | Startup Funding |
B2B e-commerce platform Udaan has raised $75 million in fresh funding from M&G Prudential and existing investor Lightspeed Venture Partners. The round was closed at a flat valuation, reflecting the company's ongoing turnaround efforts.
Funding Details
Round Parameters:
Udaan's Challenges
The company has faced significant headwinds:
Turnaround Strategy
Udaan's management has implemented changes:
Market Position
Despite challenges, Udaan maintains presence:
B2B E-commerce Outlook
The sector remains attractive long-term:
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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