SynopsisAround $45 million will come as debt from US asset management giant BlackRock's credit platform, while the remainder involves certain bondholders converting their debt into equity in the Bengaluru-based company.Business-to-business (B2B) ecommerce platform Udaan has announced a structured financing transaction worth $160 million, comprising a mix of fresh equity, debt and debt-to-equity conversion.According to people familiar with the matter, about $50-60 million of the total transaction is being raised through fresh equity from existing investors Lightspeed and M&G Prudential, as ET had reported in May. Around $45 million will come as debt from USNow Playing
Udaan announces $160-million structured financing round - The Economic Times
Around $45 million will come as debt from US asset management giant BlackRock's credit platform, while the remainder involves certain bondholders converting their debt into equity in the Bengaluru-based company.
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