Indian B2B startup Udaan raises $250m via convertible notes, debt

(From left to right) Amod Malviya, Vaibhav Gupta, Sujeet Kumar, co-founders, Udaan

Udaan, a business-to-business (B2B) marketplace headquartered in India’s startup capital Bengaluru, has raised $250 million as it looks to ramp up its operation in the country.

To break down the numbers further, the company is understood to have raised $200 million via a convertible note and an additional $50 million as debt.

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