Udaan in talks to raise new round, valuation may drop significantly
The equity round comes after a gap of 30 months for the Bengaluru-based company which has majorly raised funds through debt and convertible notes for the past couple of years. Udaan scooped up $280 million in extended Series D round in Jan 2021 and separately raised more than $350 million in debt and convertible notes since then.
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https://entrackr.com/2023/08/e....xclusive-udaan-in-ta
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