<ul><li>Udaan, a business-to-business ecommerce platform, has closed a $114 million funding round led by existing investors M&G Prudential (UK) and Lightspeed Venture Partners.</li><li>The funding round was executed at a flat valuation of $1.8 billion, with the capital aimed at deepening Udaan's presence across categories like FMCG and HoReCa segments.</li><li>The fresh capital will also be used to expand Udaan's private label brands, especially in the staples category, as the company advances towards its public market debut.</li><li>Udaan reported operating revenue of Rs 5,707 crore in FY24 with flat growth, indicating major operational restructuring efforts to reduce losses; the company aims to achieve full group Ebitda profitability in the next 18 months.</li></ul>

Udaan closes latest funding round at $114 million led by UK’s M&G, Lightspeed

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