Steadview and Vy Capital led the Series D round of funding UrbanClap, a managed marketplace for home services based out of India and UAE, has announced the closure of its Series D round of funding.
The round was led by Steadview Capital and existing investor Vy Capital. The company has raised USD 50 million in primary capital. Additionally, the company is also facilitating a secondary sale of ESOPs and stocks worth approximately USD 4 million for its employees and early angels.
This is the second time that UrbanClap’s employees are getting an opportunity to liquidate their ESOPs, the first instance being at the time of its Series C round of funding in June 2017. UrbanClap, founded in 2014, helps customers order services like beauty & massage, appliance repair, plumbing, carpentry, cleaning, painting etc. The company works closely with its service professionals (SPs) – providing them a steady stream of orders, branding, loans, insurance, training, bulk procurement of consumables etc.