UrbanClap, an Indian home services marketplace, revealed that the company has secured $75 million in a new round of financing.
U.S. investment firm Tiger Global led the financing with participation from Steadview Capital and Vy Capital, bringing total funding raised by UrbanClap to date to about $185.9 million.
UrbanClap said in a statement that some early backers sold portions of their stake as part of the new round.
More so, the company’s gross revenue more than doubled to $16.6 million in 2018 to 2019 from $6.6 million in the previous fiscal.