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

Varun Marwah

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.

DealUrbanClap raises debt funding
Value₹20 crore + ₹2 crore
Deal Type(Venture) debt/ equity
SectorE-commerce
Law FirmsUrbanClap – Sahai & Co.; Trifecta Capital – Nishith Desai and Associates
Partners/Heads Sahai & Co.- Savyasachi K. Sahai; NDA – Karan Kalra

UrbanClap was represented by Delhi office of Sahai & Co. by Savyasachi K. Sahai

Nishith Desai Associates advised Trifecta Capital with a team led by Partner Karan Kalra and Associate Rishabh Sharma.