UrbanClap, a services marketplace, has raised $25 million in Series B funding, led by Bessemer Venture Partners. The Series B funding round also witnessed participation from existing investors Saif and Accel Partners.
Earlier this year, UrbanClap had raised $12 million across two rounds from Saif and Accel Partners.
"We will use these funds to further strengthen our leadership position in the space and expand across all major cities in India. By the same time next year, we are aiming to have over 100,000 professionals on the platform and serve over 100,000 customers every day. UrbanClap will become synonymous with the word services for urban customers and professionals across the country," said Abhiraj Bhal, co-founder of UrbanClap.
Headquartered in Gurgaon, UrbanClap offers services in more than 75 categories across Delhi NCR, Bengaluru, Mumbai, Chennai and Pune. The company plans to extend its offering to 25 cities and 100+ categories over the next one year.
Further, the round will be used to increase its team size from 300 to about 600. The funds will also be used by the company to make some strategic acquisitions.