Business News›Prime›PRIMESHOTS›4 insights to kick-start your day, featuring Udaan raising major funds
4 insights to kick-start your day, featuring Udaan raising major funds
Synopsis
In Primeshots today: Udaan raises big money; Decks cleared for Zee-Sony merger; IT stocks upbeat after Fed stance; and India-Oman.
Udaan’s raise In the news. Udaan raises USD340 million led by M&G Prudential. Inside the news. After enduring a year-long dry spell that compelled B2B e-commerce unicorn Udaan to shutter verticals and cut jobs, the firm has managed to secure a substantial funding of USD340 million. The previous capital infusion occurred in November 2022, comprising a debt of USD40 million in addition to USD120 million a few weeks before. However while Udaan
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