startup funding

UrbanClap Raises $75 Mn in Fresh Funding led by Tiger Global

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Within a month after receiving investment from ex-Flipkart executive Mekin Maheshwari and Avaana Capital founder Anjali Bansal, Home services company UrbanClap on Friday said it has raised US$75 million in funding, led by Tiger Global.

The round also saw participation from existing investors Steadview Capital and Vy Capital, a statement said.

This transaction was split into two parts — a primary round which resulted in a share subscription by the above named investors and a secondary share sale by some early institutional investors, it added.

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With this, UrbanClap has raised a total of about $185 million in funding.

Founded in 2014, UrbanClap operates in 10 cities in India, including Ahmedabad, Bengaluru, and Delhi-NCR, as well as Dubai and Abu Dhabi.

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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