The company aims to address pressing challenges in temperature-sensitive logistics, including food safety, quality retention, and reduction of wastage.
With the fourth fund, Trifecta Capital aims to invest in over 100 companies across fintech, EVs, logistics, and core tech, while exploring emerging sectors like renewable energy, climate, and sustainability for future growth.
With the fresh capital, Udaan plans to intensify its 'Micro-Market strategy,' focusing on expanding its geographical reach and deepening buyer engagement across key regions.
The Gurugram-based startup aims to deploy the raised funds for geographical expansion to 40 new countries. A portion of the funds will also go toward hiring personnel and developing new technologies.
Utilising the Trifecta debt facility, the Mumbai-based OnEMi Technologies' consumer lending firm RING hopes to expand its balance sheet loan book and engage in on-lending.