udaan secures $114 million in Series G funding led by M&G Investments and Lightspeed

udaan, an eB2B platform, today announced the successful closure of its Series G financing round raising $114 million in fresh equity capital. The round was led by M&G Investments and Lightspeed with participation from other existing and new investors, reflecting strong investor conviction in udaan’s long-term opportunity and its progress towards public market listing.

The fresh capital will be deployed to strengthen udaan’s category and customer footprint, with focus on Fast-Moving Consumer Goods (FMCG) category and Hotel, Restaurant, and Catering…