UAE venture capital firm Vy Capital invests in Indian startup UrbanClap’s $75M Series E funding round

UAE's Vy Capital and London-based Steadview Capital both took part in Indian startup UrbanClap’s $75 million Series E funding round, led by investment firm Tiger Global. Vy Capital is a Dubai-based global investment firm which was founded in 2013. This firm exclusively focuses on the software and internet and provides asset management services including portfolio management.

Vy Capital and Steadview Capital had participated in UrbanClap’s $50 million Series D round in 2018 as well.

According to reports, The Series E round also had a secondary share sale by some of the early investors of UrbanClap.

Founded by Abhiraj Bhal, Varun Khaitan, and Raghav Chandra in 2014, UrbanClap is an Indian startup which is an online marketplace for home services. The startup now operates in 10 cities of India and 2 cities in the UAE. Its services include housekeeping, parlors, spas, and mobile repairs etc. This Indian startup expanded to the UAE last year and is now providing its services in Dubai and Abu Dhabi. UrbanClap has over 20,000 service professionals onboard and provides them with training, uniforms, insurance, finances, and products.