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UrbanClap, an online Indian home services marketplace, has raised $75 million in a Series E round led by investment firm Tiger Global.
According to a statement from UrbanClap, the round was joined by London-based Steadview Capital and Dubai-based Vy Capital, both of which had previously invested in its $50 million Series D late last year.
Vy Capital is a global investment firm that exclusively focuses on the internet and software.
The Series E round also included a secondary share sale by some of UrbanClap’s early institutional investors, the statement said.
Founded in 2014, UrbanClap operates in 10 cities in India and as well as in Dubai and Abu Dhabi.
UrbanClap partners with over 20,000 service professionals. It provides these professionals with tools, training, uniforms, financing, insurance, bank accounts and products/consumables.
(Reporting by Seban Scaria seban.scaria@refinitiv.com, editing by Daniel Luiz)
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