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Urban Company closes Series F at USD 255 million

Home services company Urban Company has closed its ongoing growth round of funding, dubbed Series F, at USD 255 million (Rs 1866.7 crore). Led by new investors Prosus Ventures, Dragoneer Investment Group, and Wellington Management, the round values the Gurugram based company at $2.1 billion, it said in a statement.

The Series F round comprised of primary and secondary capital infusion. In April, Prosus Ventures led a primary capital infusion of USD 188 million, regulatory filings at the time showed. Dubai-based Vy Capital and alternative investments firms Steadview Capital and Tiger Global Management, DF International Partners, and Boston-based Wellington Management participated in the round, the filings showed.

The secondary transaction created exits for select angels and early investors, the company said in the statement.

“Urban Company is disrupting a large, fragmented industry that has seen low digital adoption until now. Through their technology-enabled platform and keen focus on providing high-quality, trained service partners, Urban Company has been able to achieve the very difficult task of productizing services,” said Ashutosh Sharma, head of investment for India at Prosus Ventures.


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