M&G, a global investment manager, led a $340m Series E round in Udaan, a B2B trade platform, designed specifically for small & medium businesses, , with participation from Lightspeed Venture Partners and DST Global. "The series E round strengthens our balance sheet and fully funds our business plan. It enables our continued journey of growth and profitability, positioning us well to be public-market ready in the next 12-18 months. The regional-operated design will not only get us closer to our customers, but also make our operations more agile and efficient," Vaibhav Gupta, Udaan Co-Founder and CEO.