<ul><li>Bengaluru-based B2B e-commerce platform Udaan raises $114 million in fresh equity funding round from existing investors M&G Investments and Lightspeed Venture Partners.</li><li>Udaan's total capital raised reaches nearly $2 billion ahead of planned IPO in 2026, with the latest round maintaining its valuation at around $1.8 billion.</li><li>The funds will be used to expand Udaan's presence in high-volume verticals like FMCG and HoReCa, and to focus on private-label offerings, aiming for contribution margin growth.</li><li>Udaan aims to achieve group-level EBITDA profitability in the next 18 months, with reported revenue growth in FY24 and strategic cost reduction initiatives.</li></ul>

Bengaluru-based Udaan raises $114 million from existing investors ahead of planned IPO

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