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Udaan, the business-to-business (B2B) ecommerce firm, has secured $75 million in fresh funding from existing investors UK-based M&G Prudential and Lightspeed at a flat valuation, CEO Vaibhav Gupta informed employees in a town hall on Monday.
He also mentioned that an additional $25 million may come in the coming quarter, people aware of the matter said.
The investment comes as the Bengaluru-based B2B ecommerce firm continues its efforts to stabilise operations, at a time when multiple B2B ecommerce startups are going public.
A spokesperson for Udaan…
