Udaan Lines Up $160 Mn Financing Round To Strengthen Balance Sheet

B2B ecommerce unicorn Udaan has announced a financing worth about $160 Mn as it looks to strengthen its balance sheet and simplify its capital structure while dealing with debt obligations. The proposed transaction comprises fresh equity, new debt and debt-to-equity conversion. The startup said that existing investors, along with a new investor, are expected to participate in the funding round.