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[Weekly Funding Roundup] Exits shine through the week, but Urban Clap tips the scales with $50 M Series D round

5 1 9
30.11.2018

The last week of November more than made up for the rest of the month. Funding raised totalled $140 million across 25 deals that were well spread out across stages. A handful of exits rounded off the week ended Friday.

UrbanClap raises $50 million Series D funding led by Steadview Capital and Vy Capital

Hyperlocal marketplace for home services UrbanClap raised equity funding of $50 million, led by Steadview Capital and Vy Capital. In addition, there was secondary ESOPs and angel investors stock liquidation of $4 million. The founders' stake wasn’t diluted in this round of funding. The company’s other investors include Accel Partners, SAIF Partners, Bessemer Venture Partners and Ratan Tata. The funds raised will be deployed for service partner onboarding, invest in team building, accelerate customer growth.

Drivezy raises $20 million in Series B, $100 million in asset financing

Bengaluru-based vehicle sharing marketplace Drivezy raised $20 million in a Series B round. It also secured $100 million in an asset financing deal under which the company will induct more than 50,000 vehicles. The round was led by existing investor Das Capital. Other investors who participated in the round include Yamaha Motor Co Ltd, Axan Partners and IT-Farm. Drivezy plans to use the funds raised to expand its fleet and geographic........

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