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India's Udaan secures $160 million in new funding as it races to fix its balance sheet before an IPO
Indian B2B ecommerce firm Udaan has raised $160M combining fresh equity, new debt, and bond conversions as it prepares for a public listing within two years.
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economictimes.indiatimes.com
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…
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Udaan avoids bankruptcy, reaches agreement with offshore creditors to settle $178 million claim
