Tiger Global has led Series E funding round totalling USD 75 million in UrbanClap, with participation from existing investors Steadview Capital and Vy Capital. 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.
UrbanClap is India and UAE’s largest home services platform. The company’s vision is to empower millions of independent service professionals worldwide, to deliver services at home like never experienced before.
Founded in Nov 2014, UrbanClap is India and the UAE’s largest home services company. The company offers services such as beauty and spa at home, cleaning, plumbing, carpentry, appliance repair, painting etc. through its mobile app and website. It operates in 10 cities in India (including Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi NCR, Hyderabad, Jaipur, Kolkata, Mumbai, Pune) and 2 international markets (Dubai & Abu Dhabi).
At the back end, UrbanClap partners very closely with over 20,000 hand-picked service professionals. It provides these professionals with tools, training, uniforms, financing, insurance, bank accounts and products/consumables. This full-stack approach helps the company control the end-users experience and live up to its promise of delivering delightful services at home.