Udaan in talks to sell minority stake in NBFC business

Udaan has started the process of selling a minority stake in its non-banking financial arm, as the B2B e-commerce platform seeks to monetize assets amid a broader restructuring exercise, according to three people familiar with the matter.

- Priyamvada C. & Sneha Shah

The moves are part of a larger restructuring plan.

(MINT)

"The company is in early talks with advisory firm DC Advisory to help with the process, and the deal structures are still being decided," one of the people cited above said on the condition of anonymity. The size of the stake on offer and the potential deal value are yet to be determined.

According to a second person, foreign debt players are also evaluating an investment in the NBFC entity called Hiveloop Capital Pvt. Ltd, which is part of Udaan Capital, an arm of Udaan. The unit also operates Indusage Techapp, which hosts the digital lending arm.