Business
UrbanClap, India’s largest home services startup, raises $75M
UrbanClap, a startup that offers home services across India and UAE, has raised $75 million to expand its business.
The Series E round for the four-and-half-year-old Gurgaon-based startup was led Tiger Global. Existing investors Steadview Capital, which led the startup’s Series D round, and Vy Capital also participated in the round. The startup has raised about $185 million to date, according to Crunchbase.
The financing round was split into two parts — a primary round which resulted in a share subscription by the aforementioned investors and a secondary share sale by some of its early backers, the startup said in a brief statement.
More to follow…
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