Business-to-business (B2B) ecommerce platform Udaan is in talks to raise $50-60 million in top-up funding from existing investors M&G Prudential and Lightspeed Venture Partners, people briefed on the matter said.
The Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated at a flat valuation of $1.8 billion and could be Udaan’s last private capital raise before it targets an initial public offering (IPO), one of the people said.
