B2B e-commerce unicorn Udaan bags $120 Mn in debt; delays IPO plan
Shortpedia
Content Team
Image Credit: inc42
Bengaluru-based B2B ecommerce startup Udaan has raised $120 Mn in convertible notes and debt from its existing investors - shareholders and bondholders. With this round, the startup has raised more than $350 Mn in debt in the past four quarters. According to an internal note seen by Inc42, Udaan’s chief financial officer Aditya Pande wrote that the startup is getting ready for an IPO in the next 12-18 months.
