Indian commerce startup Udaan, which helps merchants secure inventory and working capital, has raised $250 million as it accelerates its scale and prepares to explore the public markets.

The startup has raised $200 million via convertible note and $50 million as debt, its chief financial officer Aditya Pande told employees in an internal email, seen by TechCrunch. The startup today serves more than 3 million retailers and small and medium-sized businesses and it has signed up thousands of brands, including Coca-Cola, PepsiCo, Boat Lifestyle, Micromax, HP, LG, ITC, HUL and P&G. Udaan, co-founded by three former Flipkart executives, is solving this problem by connecting small retailers with wholesalers and traders.

Indian E-Commerce Udaan Raises $250 Million

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Indian E-Commerce Udaan Raises $250 Million

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