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Miguel Cordon · · 1 min readReport: Indian gig marketplace Urban Company raises $190m in new round
“After raising money from Tiger Global, Vy Capital, and Steadview, Urban Company has just raised close to US$190 million in a new round led by Prosus,” Entrackr reported, citing regulatory filings.
Details:
- Urban Company, an Indian gig marketplace, has allotted 2,613 equity shares and 50,490 series F preference shares at 265,553.1 rupees (about US$3,556) apiece to raise US$188 million. Fintrackr estimates that Urban Company has reached a post-money valuation close to US$2 billion.
- Prosus led the round with a US$61.9 million injection, while DF International and Wellington Management poured in US$36.8 million and US$33.2 million, respectively.
Context:
- Urban Company is the 12th startup in India to have reached unicorn status this year, following companies such as Chargebee, PharmEasy, Cred, and Meesho.
- The startup currently operates in over 24 Indian cities, as well as in Sydney, Singapore, Abu Dhabi, Dubai, and Riyadh, with over 25,000 professionals on its platform.
Editing by Collin Furtado and Jaclyn Tiu
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