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Urban Company is India's 12th unicorn of 2021 after a $188-million funding round

The home services firm has been valued at $2 billion after it raised a $188-million round led by Prosus Ventures.

Mumbai / April 27, 2021 / 02:25 PM IST

Home services firm Urban Company has been valued at $2 billion, more than double from late 2018, after raising a $188-million round led by Prosus Ventures (Naspers), as per regulatory filings accessed via Tofler.

The deal makes Urban Company India’s latest unicorn—private firms valued at a billion dollars or more—and the 12th of 2021. India created 11 unicorns in all of 2020.

Two new investors DF International and Wellington Management also participated in the round along with existing investors such as Steadview Capital, Vy Capital and Tiger Global Management.

The Gurugram-based Urban Company is among a slew of internet startups to benefit from the COVID-19 pandemic, as people used its app-based services for haircut, massages, house-cleaning, electronics repair and pest control