DBS, Temasek-backed EvolutionX to invest in udaan

MUMBAI: Growth stage debt financing platform EvolutionX Debt Capital has committed an investment into b2b eCommerce platform udaan with over 3 million retailers across various categories including lifestyle, electronics, home & kitchen, staples, fruits and vegetables, FMCG, pharma and general merchandise. EvolutionX’s investment, alongside udaan’s recent capital raise, will improve the company’s financial strength as well as continue to drive its operational efficiencies with an enhanced focus on achieving profitable growth.