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.

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.

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.