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EvolutionX Debt Capital Announces Investment In Udaan

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

Growth stage debt financing platform EvolutionX Debt Capital has committed investment into udaan, a B2B ecommerce platform. 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.

 Commenting on the investment, Rahul Shah, Partner and Co-Head leading investments across India and Southeast Asia for EvolutionX, said, “We continue to focus on our strategy of providing an alternative source of debt financing for technology companies to accelerate their growth and continue on their path to profitability. We look forward to supporting the company's journey of transforming and improving India's huge ecosystem of retailers, traders, and wholesalers through innovative digitalised solutions”.

 

“We are delighted to partner with EvolutionX for this round of funding. We are excited to join hands with Rahul and his team at EvolutionX as long-term partners on this growth journey to change and organise the massive USD 1 Trillion+ trade market of the country.” said Vaibhav Gupta, Co-founder and CEO, udaan. 

EvolutionX provides amortising term debt facilities in the range of US$20-50 million along with warrants or convertible instruments. The fund seeks to invest in technology companies in a wide array of sectors such as consumer, education, financial services, healthcare, logistics, and industrial development in India, China, and Southeast Asia. 


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