Deal Roundup: Tech Startup Funding Scales $500 Mn, Softbank Accelerates In India

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The week saw Gurugram-based home services startup Urban Company cross the $1 billion valuation mark, making it the 14th technology startup to join the growing pool of India-born unicorns. It fetched a valuation of $2.1 billion following a $255 million investment from new investors Prosus Ventures, Dragoneer Investment Group and Wellington Management. Taking into account the additional capital for Urban Company’s fundraise, nearly $510 million was raised across among 16 technology startups this week. The total number of deals this week stood at 24, of which eight did not disclose deal sizes.

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