Mumbai, Dec. 5 -- Udaan has started the process of selling a minority stake in its non-banking financial arm, as the B2B e-commerce platform seeks to monetize assets amid a broader restructuring exercise, according to three people familiar with the matter. "The company is in early talks with advisory firm DC Advisory to help with the process, and the deal structures are still being decided," one of the people cited above said on the condition of anonymity. The size of the stake on offer and the potential deal value are yet to be determined. According to a second person, foreign debt players are also evaluating an investment in the NBFC entity called Hiveloop Capital Pvt. Ltd, which is part of Udaan Capital, an arm of Udaan. The unit also operates Indusage Techapp, which hosts the digital lending arm. The moves are part of a broader restructuring plan, as Udaan's parent seeks to streamline costs, curb cash burn, and improve unit economics to free up capital for expansion ahead of a potential public listing next year. "We do not comment on market speculations," an Udaan spokesperson said. DC Advisory did not respond to Mint's queries. Udaan Capital's portfolio is about Rs.500 crore, a third person said. In the last six years, it has recorded lending transactions worth a billion dollars through its NBFC arm, one of the persons said. Mint could not independently verify valuation of the NBFC business, a general metric used is two-three times the book value. It gives short-term small loans to vendors on its platform. Like most NBFCs and private debt firms, the firm is able to recycle the capital multiple times, enabling it to build large transaction base....