B2B e-commerce company Udaan has reportedly raised around $340 million as it strengthens its financial position ahead of future growth plans.
The fundraising could help the company expand its technology platform, strengthen its supply-chain network and improve services for businesses using its marketplace.
The development is significant because India’s B2B digital-commerce sector continues to attract investor interest. A stronger financial position could also support Udaan’s longer-term plans, including a potential public-market journey.
