Udaan secures $160 million in funding to enhance its balance sheet and prepare for future IPO plans.

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…

Blackrock, worlds largest asset manager has agreed to provide $45 million of fresh credit facility. The restructuring will also include upfront cash payouts, issuance of new…