B2B e-commerce giant Udaan is negotiating a $50-60 million top-up round led by Lightspeed and M&G at a flat $1.8 billion valuation.
The company has aggressively optimized its unit economics, cutting its EBITDA cash burn by 40% in FY25 and halving its monthly burn rate by March 2026.
This capital acts as a strategic pre-IPO bridge, providing runway while the firm relocates its corporate headquarters from Singapore back to India.
The move highlights a broader trend of Indian B2B tech platforms, such as Zetwerk and Infra.Market, maturing and preparing to tap the public markets.
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