Home services startup UrbanClap raised $75 million in the Series E round led by US-based Investment firm Tiger Global Management, the funding round portrayed Tiger's interest in investing for Indian startups this year.
Founded in 2014 by Abhiraj Bhal, Varun Khaitan, and Raghav Chandra, UrbanClap is one of the and most trusted companies in the home services industry, Currently offering services in India & UAE.
It works on various categories such as beauty, spa, cleaning, carpentry, plumbing, painting, carpentry, appliance and repairs, and pest control.
UrbanClap had previously raised about Rs 1.5 crore from former Flipkart chief procurement officer (CPO) Mekin Maheshwari and Avaana Capital founder Anjali Bansal
Existing investors Steadview Capital and Vy Capital also participated in the funding. "This transaction was split into two parts – a primary round which resulted in a share subscription by Tiger, Steadview and and a secondary share sale by some early institutional investors," the company said.
Magazine
