B2B e-commerce co Udaan may raise debt funding

NEW DELHI: Business-to-business (B2B) e-commerce startup Udaan may look at new ways to raise capital, including debt funding from global institutional investors, while keeping the option to go public in 18-24 months open.

“Public market investors want to come into private markets now,” Udaan co-founder Vaibhav Gupta told during an interaction. Budget hotels startup Oyo too recently closed a $660-million debt financing round aiming to use the capital to reduce a part of its existing debt and bolster its tech capabilities.

Gupta said that some investors are looking to invest ahead of the company’s listing as they believe that they may have to pay a lower premium.