#udaan Tech News.
1 story in the last 7 days
The latest udaan news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks udaan across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
HealthInc42about 9 hours ago
Udaan Faces Insolvency Over Bond DefaultOverseas creditors initiated insolvency proceedings against Udaan after Trustroot Internet missed repayment on convertible notes due June 30. Major domestic banking partners withdrew working capital lines following failed debt restructuring talks and a $170 Mn bond default. The B2B ecommerce unicorn now works with Goldman Sachs to raise up to $200 Mn equity funding while negotiating a $40 Mn credit facility from BlackRock by offering pledged shares.
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