Tiger Global, which has been largely dormant and heavily cautious in India’s Startup scene off late, has announced fresh investment in home services startup UrbanClap. The firm is bankrolling a fresh $75Mn Series E round into the startup, along with participation from existing investors — Steadview Capital and Vy Capital. Fund deployment will largely be into expanding business.
According to the startup, some early investors are also cashing in through this round, thus existing the company. UrbanClap has raised close to $185 Million till date.
The platform is fairly popular in India now. As a customer, as soon as you sign up, you can select from a range of home services that the app lists. It then matches service people such as cleaners, repair staff and beauticians with customers across 10 cities in India and Dubai and Abu Dhabi.
This post first appeared on Hotstar Takes On Netflix, Launches Hotstar Premium To Offer US TV Shows And Movies, 'Unspoiled' | The Tech Portal, please read the originial post: here