Udaan Bags INR 50 Cr In Debt Round From Blacksoil
Shortpedia
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B2B ecommerce marketplace Udaan is raising INR 50 Cr (approx $6.7 Mn) in debt through multiple tranches from venture debt firm Blacksoil. The development comes days after Inc42 exclusively reported that Udaan has received shareholders’ nod to raise up to INR 2000 Cr in debt. As per the regulatory filings, Udaan is allotting a total of 1000 non-convertible debentures (NCDs) to Blacksoil.
