🚀 Business & Startups🇮🇳 India
Udaan's Global Creditors File Bankruptcy Proceedings Against Its Singapore Parent
Inc42 Media·Friday, 3 July 2026
IPO-bound B2B ecommerce unicorn Udaan is facing insolvency proceedings initiated by its global creditors in Singapore, over an alleged default on bonds. Udaan was already navigating a tough road to a public listing. This is a significant escalation of its financial troubles.
Why It Matters
Udaan is one of India's biggest B2B startups, connecting small retailers with suppliers across the country. If it collapses, thousands of small businesses that depend on it could be affected.
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