Urban Company, a Gurugram, India-based tech-enabled home services marketplace, raised USD255M in Series F funding in a round that valued the company at $2.1 billion.
The latest round, which included a primary capital infusion of USD188m and a secondary sale of approximately USD67m by select angels and early investors, was led by Prosus Ventures, Dragoneer and Wellington Management, with participation from Vy Capital, Tiger Global and Steadview.
The company will use the funds towards innovation, training, product development, enhanced quality control and safety measures for both partners and consumers, increasing its geographic presence by entering the top 100 cities in India and further expanding into international markets.
Founded in November 2014 by CEO and Co-Founder Abhiraj Singh Bhal, Urban Company is a leading tech-enabled home services marketplace. 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 35 cities in India, the UAE, Singapore. Australia and the Kingdom of Saudi Arabia. The company has a partner network of over 35,000 hand-picked service professionals, who are provided financing, training, and product or consumables support.