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The Latest Breaking News from Udaan

Udaan’s pre-IPO top-up; Tata’s Assam chip hub test run

Happy Monday! Udaan is in talks to raise fresh funds amid IPO talks. This and more in today's ETtech Morning Dispatch.

The Economic Times

Udaan in talks to raise $50-60 million from existing backers Lightspeed, M&G: sources

The Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated at a flat valuation of $1.8 billion and could be Udaan’s last private capital raise before it targets an initial public offering (IPO).

The Economic Times

Groww investors reap bumper returns; Lightspeed’s India rethink

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dispatch.

The Economic Times

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Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focus

The venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target size to around $300-350 million, the people said, requesting anonymity as the discussions are private.

The Economic Times

Three new air routes to become operationalise in Arunachal Pradesh in October: Scindia

Jyotiraditya Scindia said that in the last 65 years, there were only 74 airports in the country but in the last nine years of BJP government rule at the Centre, 75 new airports have been constructed.

The Hindu

Funding winter descends on Indian startups

Mid-to-late stage startups after raising record funds last year are now struggling to survive.

Al Jazeera

‘Udaan’ gives girls wings to a better future in rural Rajasthan

Project 'Udaan' connects rural girls with scholarship schemes and provides them with continuing access to schooling

The Hindu

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