Urban company enters Unicorn club on April 27, 2021, with a big valuation of $ 2 Billion after raising fresh funds of $ 190 Million Dollars from investment firm Prosus (previously called Naspers). Previously Urban company raised funding from Tiger Global, Steadview and VY Capital.
Prosus led the Series F round with Rs 464.53 crore or $61.93 million. While the other two new investors: DF International and Wellington Management have poured in $36.86 million and $33.2 million or respectively.
The investment is a Series F round of $61.93 million or Rs 464.53 crore from main investors as Prosus. And $36.86 million and $33.2 million from two new investors including DF International and Wellington Management. After the funding, the Urban company is worth an estimated value of $ 2 billion.
Urban company has become the 12th Unicorn startup of India in 2021 and the 7th unicorn in April 2021. Before urban company, these startups became a unicorn in 2021: Chargebee, GupShup, Groww, ShareChat, Meesho, Cred, PharmEasy, Digit, Innovaccer, Infra.Market and Five Star Business Finance Limited.
About Urban Company
Urban Company which was formerly know as Urban Clap was started in 2014. It is the largest platform to provide home services in India and also in UAE, Singapore and Australia. Urban Company helps its customer with various home chores and services like AC Installation, AC cleaning, Salon Services, House Cleaning, repair and many more.
Urban Company claims to have more than 25,000 professionals to serve their 5 Million paying customers.
FAQ’s
Urban Company provides services like AC Installation, AC cleaning, Salon Services, House Cleaning, repair, packers & movers, pest control and many more.
The biggest competitors of Urban Clap in India are Housejoy which is backed by Amazon and LocalOye backed by Tiger Global.
Urban Clap was founded by Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra
Urban Company charges a commission of 5 to 10 % as their profit for each completed task.
Also Read this :
Latest Indian Unicorn Startups 2021 | Unicorn Startups in India 2021