NDA, Sahai & Co. lead on UrbanClap’s 22 crore capital raise

Home services marketplace UrbanClap has raised ₹20 crore in debt funding from venture debt firm Trifecta Capital through non-convertible debentures.

The startup also allotted equity through some compulsory convertible preference shares to Trifecta for ₹2 crore.

Deal
UrbanClap raises debt funding

Value
₹20 crore + ₹2 crore

Deal Type
(Venture) debt/ equity

Sector
E-commerce

Law Firms
UrbanClap - Sahai & Co.; Trifecta Capital - Nishith Desai and Associates

Partners/Heads
 Sahai . . .

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