Winds turning for Udaan?

Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.

Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-dr...

Can anyone share what's happening at Udaan? Are they able to cut costs the way investors want them to?

• B2B ecommerce unicorn Udaan is discussing a fresh funding round of $80-100 Mn with M&G Prudential.
• This will increase M&G's stake in Udaan from the current 15%.
• The funding will be at a flat valuation of $1.8 Bn.
• Udaa...

• Udaan has raised $75 million in Series G funding, with another $25 million expected next quarter, valuing the firm at $1.8 billion.
• The funds, led by M&G Plc, will enhance customer experience, deepen market reach, and strengthen supp...