Business-to-business (B2B)ecommerce start-up Udaan has raised $120 million in convertible notes and debt, led by existing shareholders and bondholders.
Currently, businesses with turnover of Rs 20 crore and above are required to generate electronic invoice for all B2B transactions.
A self-proclaimed travel buff, Kundra has globe-trotted across the world (he has been to more than 30 countries including France, Japan, etc.,).
From April 1 last year, companies with turnover over Rs 50 crore were generating B2B e-invoices, and the threshold was brought down to Rs 20 crore from April 1, 2022.
B2B gig marketplace Taskmo is all set to raise $20-$25 million in a Series B round.