ImpactAlpha, June 7 — Urban Company has hired and trained approximately 35,000 gig service providers since 2014 for beauty treatments, haircuts, carpentry, appliance repair, painting, cleaning and other services. The company provides financing and technical support and an Employee Stock Ownership Program.
Urban has raised $255 million in a Series F financing round, which valued Urban at $2.1 billion.
Founders Abhiraj Bhal, Varun Khaitan and Raghav Chandra have reached more than five million customers across 35 cities in India, Singapore, Australia, Saudi Arabia and the United Arab Emirates.
“With this funding, we plan to rapidly scale our business while continuing to invest further into the safety of our consumers and service partners, training of partners and product development,” Bhal said.
Prosus Ventures, Dragoneer and Wellington Management led the round, with Vy Capital, Tiger Global and Steadview.