Udaan closes latest funding round at $114 million led by UK’s M&G, Lightspeed

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Here’s a structured list based on the provided information about Udaan’s recent funding:

Funding Details

  • Amount Raised: $114 million
  • Funding Round: Series unspecified (latest round)
  • Date Announced: Monday (exact date not provided)

Investors

  • Lead Investors:
    • M&G Prudential (UK)
    • Lightspeed Venture Partners

Company Details

  • Startup: Udaan
  • Founders: Vaibhav Gupta (CEO)
  • Location: Bengaluru, India

Valuation

  • Current Valuation: $1.8 billion (flat valuation)
  • Previous Peak Valuation: $3.2 billion (January 2021)
  • Valuation Drop: 44% in 2023

Usage of Funds

  • Expand presence in fast-moving consumer goods (FMCG) and the HoReCa segment
  • Develop private label brands, especially in the staples category
  • Enhance financial flexibility and balance sheet for public market debut

Operational Insights

  • Targeting full group EBITDA profitability in the next 18 months
  • Reduced EBITDA burn by 40% annually over the last three years
  • Reported operating revenue for FY24: ₹5,707 crore

Debt Status

  • Current debt: ~$100 million with repayment timelines extended

This information encapsulates the key details surrounding Udaan’s funding round and operational status as described in the provided text.

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2025-06-02 06:48:00