🚀 Business & Startups🇮🇳 India
Udaan Raises $160 Mn Even as Parent Faces Insolvency Proceedings in Singapore
mint - companies·Wednesday, 15 July 2026
B2B ecommerce unicorn Udaan has announced a $160 million structured financing round to strengthen its balance sheet. The fundraise comes while insolvency proceedings are ongoing against its offshore parent company, Trustroot Internet, in Singapore. The company is trying to stabilise its finances amid this legal pressure.
Why It Matters
Udaan connects millions of small retailers across India to suppliers, so its financial health matters to a huge chunk of the country's informal trade ecosystem.
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