The company is planning to use the fresh capital to strengthen its supply chain network and expand its go-to-market capabilities
After closing a USD 114 million funding round last June, the business-to-business (B2B) ecommerce platform Udaan is in talks to raise USD 50 to 60 million in top-up funding from its existing backers M&G Prudential and Lightspeed Venture Partners, as per a media report.
The report noted that the company is negotiating the new round at a valuation of USD 1.8 billion. This funding round could be the last private capital raise for the company before it goes for an initial public offering (IPO), the media report highlighted. Earlier, the company reduced its Ebitda burn by around 40 per cent in FY25 and is targeting net profitability in next 15 to 18 months.
The company is planning to use the fresh capital to strengthen its supply chain network and expand its go-to-market capabilities, as per the report. The company has also started the process of shifting its domicile back to India, the report mentioned.
Udaan operating across categories such as FMCG, fruits, vegetables, staples, pharmaceuticals and also procures products in large quantities and supply them to kirana stores and small retailers. The report added that the development comes at a time when the many new-age B2B companies are looking to make their public market debut.
The report added that the company’s revenue dipped to Rs 4,561 crore in the financial year 2025 from a peak of Rs 10,000 crore in Fiscal year 2022. The loss narrowed 37 per cent on a year-on-year basis in FY25 to Rs 1,055 crore, the report pointed out.
