India, Feb. 17 -- B2B ecommerce giant Udaan has closed $75 Mn (INR 651 Cr) in a fresh equity funding round from existing investors M&G Prudential and Lightspeed Venture Partners, sources close to the matter told Inc42 on conditions of anonymity.

In a company wide town hall today (February 17), Udaan CEO Vaibhav Gupta informed the employees about the ongoing Series G funding round. The startup raised this round at a flat valuation of $1.8 Bn.

Sources further added that the Delhi NCR-based startup is also likely to close an additional $25 Mn in a funding from potential new investors in the next quarter.

As per sources, the startup will use the fresh capital to further enhance customer experience, deepen market penetration, strengthen str...