By Manish Singh
Home services marketplace Urban Company said on Wednesday it has raised $255 million in a new financing round and confirmed a valuation of $2.1 billion, joining over a dozen other startups in India that have earned the unicorn status this year.
The new financing round — a Series F — was led by Prosus Ventures, Dragoneer and Wellington Management, while Vy Capital, Tiger Global and Steadview participated in it. The Gurgaon-headquartered startup said* the new round features a primary capital infusion of $188 million while the rest is a secondary sale by some angel and other early investors. The startup has raised about $470 million to date.
Formerly known as UrbanClap, the seven-year-old startup offers a range of home services on its platform. Does your AC need maintenance work? Is the TV not working? The house needs a fresh coat of paint? Plumbing issues? Need your cleaned and disinfected? How about a haircut done at a place of your choosing?
These are just some of the services Urban Company offers to its customers, who can place an order using the startup’s app or the website and pick a good time and venue.
The idea of the startup came from its three …read more
Source: Tech Crunch