Business-to-business unicorn Udaan, operated by Trustroot Internet Pvt. Ltd, has raised $340 million capital (over 2,833 crore), in a round led by M&G Plc and existing investors-Light-speed Venture Partners and DST Global. The B2B player's Series E round was a mix of fresh capital infusion and conversion of existing debt into equity.
The firm did not disclose the split between fresh equity infusion and converted debt, as well as the valuation at which it raised the funding. The valuation of the unicorn is likely to have dropped from its peak of over $3 billion to about $2 billion, according to reports.
Diese Geschichte stammt aus der December 15, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der December 15, 2023-Ausgabe von Mint Mumbai.
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