Udaan raises $114 million in flat round at $1.8 billion valuation

Udaan, the B2B e-commerce platform, has secured $114 million in a Series G funding round led by M&G Investments and Lightspeed. The funds will be used to strengthen its presence in FMCG and expand into underserved markets. While the valuation remains at $1.8 billion, the company is focusing on profitability and restructuring operations.