Sahai & Co., CAM act on Bessemer’s 165 crore investment in UrbanClap

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Online services marketplace UrbanClap has raised a further Rs. 165 crore ($25 million) in funding from Bessemer Venture Partners.

This transaction is the third successful deal for UrbanClap in the span of a year. The previous two rounds of funding raised a capital of Rs. 10 crore and Rs. 63 crore respectively, primarily from SAIF Partners and Accel India, along with Snapdeal and OLX.

Sahai & Co. advised UrbanClap on all three transactions, through Founding Partner Savyasachi Sahai.

A team from Cyril Amarchand Mangaldas comprising Partner Akshay Bhatt, Senior Associate Suvojit Halder and Associate Avani Verma acted for Bessemer, SAIF Partners and Accel India.