Lightspeed now controls over 40% stake in Udaan after latest infusion
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Earlier this month, B2B e-commerce platform Udaan had announced raising $280.5 million in its extended Series D round from new and existing investors. While the company didn’t disclose the details of the round, Fintrackr has decoded the tranche via regulatory filings filed by its Singapore-based holding entity. Lightspeed led the round with close to 73% of the tranche by investing $203.5 million.