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Udaan Secures INR 300 Cr Debt From Lighthouse Canton, Others

  • Udaan has secured INR 300 Cr debt funding from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital.
  • The funding will be utilized for expanding outreach, improving operations, and opening new micro-fulfillment centers.
  • Udaan aims to position itself as a preferred partner for kirana stores and small businesses.
  • The company has seen a reduction in EBITDA burn and improvement in gross margins and contribution margins.

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