Udaan raises $75 million from UK’s M&G, Lightspeed at flat valuation

Udaan, the business-to-business (B2B) ecommerce firm, has secured $75 million in fresh funding from existing investors UK-based M&G Prudential and Lightspeed at a flat valuation, CEO Vaibhav Gupta informed employees in a town hall on Monday.

He also mentioned that an additional $25 million may come in the coming quarter, people aware of the matter said.

The investment comes as the Bengaluru-based B2B ecommerce firm continues its efforts to stabilise operations, at a time when multiple B2B ecommerce startups are going public.

A spokesperson for Udaan…