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Online marketplace UrbanClap raises $25M from various investors

Services marketplace UrbanClap has raised Rs 165 crore (~ $25 million) in funding led by Bessemer Venture Partners, with participation from existing investors Accel Partners and SAIF. It plans to use the funding for geographical and category expansion: 25 cities and 100 categories over the next one year, double its employee size from the current 300 to 600 and acquire other companies. In a year, it aims to have 100,000 professionals listed on its platform and serve 100,000 customers every day. Previous funding: In June, the company raised $10 million in a round of funding from existing investors Accel Partners and SAIF, for scaling its platform, hiring and to expand to at least 15 cities by the end of the year. The Gurgaon-based company previously raised seed funding of around $1.5 million (Rs 10 crore) from SAIF Partners, Accel Partners and…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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