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India’s Udaan raised $120 million led by existing shareholders and bondholders

Udaan of India raised $120 million in debt and convertible notes, with the help of current stockholders and bondholders.

By connecting small stores with wholesalers and traders, Udaan is solving this issue. Thousands of brands have joined the startup, which now caters to over 3 million shops and small and medium-sized businesses, including Coca-Cola, PepsiCo, Boat Lifestyle, Micromax, HP, LG, ITC, HUL, and P&G. Over 1,000 locations and 12,000 zip codes are covered by its daily delivery supply chain and logistical operations.

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