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Business-to-business ecommerce platform Udaan has closed a $114 million funding round led by existing investors M&G Prudential (UK) and Lightspeed Venture Partners, the company said in a press statement on Monday.
The round, executed at a flat valuation of $1.8 billion, includes the previously disclosed $75 million infusion from the two investors, which founder and CEO Vaibhav Gupta had announced during a townhall earlier this year, as first reported by ET in February.
Udaan’s valuation had dropped by 44% in 2023 to around $1.8 billion, down from its…
