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Market Chatter: India's Udaan in Talks for $45 Million Financing from BlackRock

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Udaan is in discussions with BlackRock Inc. for $45 million in private credit as part of the Indian e-commerce company's proposed $160 million financing round, Bloomberg reported Wednesday, citing people familiar with the matter.

The NYSE-listed investment company's private credit arm has received internal approval to participate in the deal, according to the report, citing the sources.

Udaan announced the financing package on Tuesday, saying a new investor would provide $45 million in fresh capital but did not disclose the investor's identity.

Udaan and BlackRock did not immediately respond to' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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