Udaan raises $114M in Series G funding, eyes IPO by 2026
B2B e-commerce platform Udaan has secured $114 million in Series G funding led by M&G and Lightspeed. With a flat $1.8B valuation, Udaan plans to expand FMCG and HoReCa operations, cut costs further, and achieve EBITDA profitability ahead of a 2026 IPO, while continuing to lead India's digital wholesale market.