udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita

Quick Summary:

udaan focuses on sustainable growth and profitability, supported by strategic initiatives and operational excellence in the eB2B market.

Ankit Agrawal, Executive Director, Lighthouse Canton said, “We are excited to partner with udaan as they continue to transform the B2B landscape in India and maintain category leadership.

This fresh round of debt funding follows udaan's $340 million Series E financing round that was led by M&G Plc, with participation from existing equity investors Lightspeed Venture Partners and DST Global.

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Article Details

Author / Journalist: ET Online

Category: Business

Markets: IndiaOman

Topics: EB2B platform Udaan Debt financing Micro-Market strategy Financial position

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 11:01:37 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1075 words

Reading Time: 6 minutes read

Sentences: 28 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23278741

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