India, June 2 -- B2B ecommerce major Udaan today said it has marked the final close of its Series G funding round at $114 Mn (around INR 974 Cr).

The round was raised in two tranches. While in the first tranche the startup secured $75 Mn from existing investors M&G Prudential and Lightspeed Venture Partners, in the second round it bagged $39 Mn from existing and new investors.

With the newly raised capital, Udaan plans to bolster its category and customer footprint, focused on the fast-moving consumer goods (FMCG) and hotel, restaurant, and catering (HoReCa) customer segments.

Additionally, the funds will be deployed in scaling up the startup's private label brands initiatives in the staples category. Apart from this, the proceeds will...