<ul><li>Udaan has closed its Series G funding round at $114 Mn with funds raised in two tranches.</li><li>The startup secured $75 Mn from existing investors M&G Prudential and Lightspeed Venture Partners in the first tranche, and $39 Mn from existing and new investors in the second tranche.</li><li>The capital will be used to enhance Udaan's category and customer footprint, especially in FMCG and HoReCa segments, and to scale up its private label brands initiatives.</li><li>Udaan aims to achieve full group EBITDA profitability in the next 18 months and is on track with reducing its EBITDA burn by 40% every year for the last three years.</li></ul>

Udaan Closes Series G Round At $114 Mn

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