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Udaan may raise debt funding from global investors
August 09, 2021
B2B e-commerce start-up Udaan may look at new ways to raise capital, including debt funding from global institutional investors, while keeping the alternative to open up to the world in 18-24 months open.
“Public market investors need to come into private markets now,” Udaan co-founder Vaibhav Gupta told during an association. Budget hotels start-up Oyo too as of late shut a $660-million debt financing round aiming to utilize the funding to reduce a part of its current debt and support its tech capabilities.
Gupta said that a few investors are hoping to contribute in front of the organization’s posting as they accept that they might need to pay a lower premium. “The fundraising tools have become more sophisticated. When you can raise debt at a less expensive rate, why dilute. You need to be watchful,” he said.
Bengaluru-based Udaan, which competes with brick and mortar discount retailers, for example, Metro Cash and Carry and Reliance just as online players, for example, Amazon and Walmart-owned Flipkart, sells products to different businesses, including kirana stores.
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