Udaan in talks for $50-60M top-up from Lightspeed, M&G at flat $1.8B valuation
B2B ecommerce platform Udaan is negotiating a $50-60 million bridge from existing backers Lightspeed and M&G at a flat $1.8 billion valuation. Likely its last private round before an IPO targeted 15-18 months post-profitability. FY25 revenue hit Rs 4,561 crore; losses narrowed to Rs 1,055 crore as Ebitda burn fell 40%.
B2B ecommerce platform Udaan is negotiating a $50-60 million top-up from existing backers Lightspeed and M&G at a flat $1.8 billion valuation, likely its last private round before an IPO targeted post-profitability in 15-18 months.
Why this matters
Udaan's flat-valuation top-up signals investor caution despite improving fundamentals: 40% lower Ebitda burn and narrowed losses position the B2B ecommerce platform for a pre-IPO consolidation phase.
Retail-company signals steady at 1,065 over 90 days, reflecting sustained funding and strategy activity.