Udaan, an India-based e-commerce platform, recently announced a $250M funding round via a $200M convertible note. The company opted for the convertible note to diversify its funding base. Udaan is now planning the launch of its initial public offering in mid-2023. The company was previously valued at $3.1B in January 2021, however, the company did not release its current valuation.
Indian e-commerce Udaan raises $250 million