B2B e-commerce platform Udaan has raised approximately Rs 300 crore in debt funding from investors including Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital.
The funding will help Udaan consolidate its market presence and execute strategic growth initiatives.
Udaan plans to expand its market reach through a Micro-Market strategy, targeting smaller regional markets to grow its network of small and medium-sized businesses (SMBs) across India.
The funding will also support Udaan's efforts to optimize operations, improve delivery, and enhance profitability, with reported progress towards achieving sustainable growth.