Udaan valuation dives to $1.8 billion in down round

Business-to-business (B2B) ecommerce company Udaan’s valuation has fallen by nearly half to around $1.8 billion in a down round, marking one of the most precipitous drops for a startup that has raised over $1 billion, people aware of the matter said.

Bengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021.