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AZB for 3 investors with NDA on Urban Company’s $188m Series F to join unicorn club

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.


Backed by marquee investors, Urban Company’s valuation rose up to USD 2 billion following the latest funding round, to become India’s 12th startup to enter the coveted unicorn club.

AZB & Partners advised fresh investor DF International Partners II and V LLCs, managed by the Dragoneer Investment Group, and Tiger Global Management and were led by a team of partners Ashwath Rau, Srinath Dasari, Nanditha Gopal, Aditya Singh Chandel, senior associates Gautam Rego and Karishma Dugar.

AZB & Partners also advised Naspers Ventures B.V. (an affiliate of Prosus N.V.) led by a team of partner Vaidhyanadhan Iyer, and senior associate Jeet Chaudhuri.

Correction 26 May: AZB advised 3 investors on the deal, not 5 as originally reported. We regret the error.

Update 26 May 2021: Nishith Desai Associates advised Steadview Capital led by a team including lawyers Vivek Kathpalia and Devanshi Jaiswal.



Deal value: INR 1400 crores approximately (USD 190 million)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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