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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 Kunal Bahl and Rohit Bansal of Snapdeal, in April this year. In the same month, Urbanclap started its operations in Mumbai and said that it would be branching out to 10 more cities and expand its team from 50 to about 250 in the next six months. At that time, users could only use its services through the Android app, but now the company seems to have launched an iOS app, and its services are also available on the web. UrbanClap claims to serve 5,000 customer requests daily, and has a seller base of over 20,000 professionals. It is currently operational in Bangalore, Mumbai, Chennai, Pune and Delhi NCR 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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