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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|
|Law Firms||UrbanClap – 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.