Microsoft joins Udaan’s debt round
Microsoft Corporation has joined Udaan’s debt financing round of over $200 million, according to a note sent to employees by Aditya Pande, CFO of the B2B e-commerce platform. With this, Udaan has now raised a total of $225 million through convertible notes which was announced in January this year. This instrument will allow investors to flip their convertible notes into equity at a later stage, potentially before the IPO. Udaan was one of the fastest startups to achieve unicorn status back in September 2018. Continue reading Microsoft joins Udaan’s debt round at Entrackr.
Microsoft Corporation has joined Udaan’s debt financing round of over $200 million, according to a note sent to employees by Aditya Pande, CFO of the B2B e-commerce platform.
With this, Udaan has now raised a total of $225 million through convertible notes which was announced in January this year.
This instrument will allow investors to flip their convertible notes into equity at a later stage, potentially before the IPO.
Udaan was one of the fastest startups to achieve unicorn status back in September 2018.
Continue reading Microsoft joins Udaan’s debt round at Entrackr.
