Udaan Bags $75 Mn From M&G Prudential, Lightspeed At Flat Valuation...

B2B e-commerce platform Udaan has secured $75 million in funding from MG Prudential at a flat valuation. This funding round indicates continued investor interest in Udaan despite challenging market conditions. The flat valuation suggests investors are cautious but still willing to support the company's growth. Udaan plans to use the funds to strengthen its market position and expand its reach. The company connects manufacturers, traders, and retailers, facilitating B2B transactions. This investment allows Udaan to continue operations and pursue its long-term growth strategy.