India, June 2 -- Update:

Hyperlocal service provider Urban Company today (2nd June 2021) announced its entry into the unicorn club with $255 Mn Series F funding round led by Prosus Ventures, Dragoneer and Wellington Management, with participation from Vy Capital, Tiger Global and Steadview. With the latest fundraise, Urban Company is now valued at $2.1 Bn.

According to the company, the latest round includes a primary capital infusion of $188 Mn and a secondary sale of approximately $67 Mn by select angels and early investors.

Speaking on the development, Urban Company CEO and Co-Founder Abhiraj Singh Bhal said, "With this funding, we plan to rapidly scale our business while continuing to invest further in the safety of our consumers an...