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Udaan raises $160M structured financing to strengthen balance sheet ahead of IPO

B2B ecommerce platform Udaan announced a ~$160M structured financing combining fresh equity, new debt and debt-to-equity conversion to strengthen its balance sheet and simplify capital structure ahead of long-term public listing plans.

Read next

  1. Udaan’s struggles sharpen focus on profitable B2B e-commerce models, , Financial Express
  2. Indian Startups Raise $281 Mn This Week; D2C Brands Pull $22.7 Mn Across Six Deals, , Inc42

Reported figures

From the report. Source details below

  • 500 bps contribution margin
  • 15-25% private label staples

Other figures

  • $45 Mn private credit
  • $114 Mn Series G
  • 25% revenue CAGR
  • 70% EBITDA burn decline

The source

Source Read the source at Entrackr Published

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