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Udaan Raises USD 120 mn From Winter Funding
Udaan is a B2B e-commerce company, founded in 2016 by Amod Malviya and Sujeet Kumar. It operates across various categories including lifestyle, groceries, electronics, FMCG, toys, kitchen supplies, pharma supplies, and other general commodities. The company has designed various tech tools keeping in mind the needs of Indian country’s businesses and caters to the needs of Indian brands, retailers, and manufacturers.This unicorn company has raised USD 120 mn during the winter funding. This funding is in the form of convertible notes and debts from shareholders and bondholders.The company is planning an IPO in 12-18 months’ time, which is delayed considering
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Udaan is a B2B e-commerce company, founded in 2016 by Amod Malviya and Sujeet Kumar. It operates across various categories including lifestyle, groceries, electronics, FMCG, toys, kitchen supplies, pharma supplies, and other general commodities. The company has designed various tech tools keeping in mind the needs of Indian country’s businesses and caters to the needs of Indian brands, retailers, and manufacturers.This unicorn company has raised USD 120 mn during the winter funding. This funding is in the form of convertible notes and debts from shareholders and bondholders.The company is planning an IPO in 12-18 months’ time, which is delayed considering […]
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