Urban Company is a Gurugram-based home services marketplace. The company has launched a Rs 1,900 crore initial public offering comprising a Rs 429 crore fresh issue and a Rs 1,471 crore offer-for-sale by existing shareholders. Ahead of the IPO it allocated shares worth Rs 853.87 crore to anchor investors and resolved to offer 82,900,485 equity shares at the upper issue price of Rs 103. The IPO opens September 10 and closes September 12 with a price band of Rs 98–103 and a minimum bid quantity of 145 equity shares. For the fiscal year ending March 2025 Urban Company reported operating revenue of Rs 1,144 crore (up 38%) and a profit before tax of Rs 28.5 crore. The filing notes early investors such as Accel, Elevation and Bessemer Venture Partners stand to realise substantial multiples on their holdings. Urban Company is an online marketplace for home services that takes a full-stack approach to partner enablement. Founded in 2014 by Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra, the Gurugram-based startup operates in 62 cities across India, the UAE, Singapore and Saudi Arabia and has a partner network of over 55,000 service professionals. The company is backed by investors including Ratan Tata, Tiger Global and Prosus and previously raised $188 million in a growth round led by Prosus Ventures. Urban Company reported consolidated operating revenue of Rs 636.6 crore in FY23, a 45% increase from Rs 437.6 crore in FY22, while narrowing its net loss to Rs 308.4 crore in FY23 from Rs 514.7 crore the prior year. The firm said it achieved breakeven in the quarter ended June 2023. Dharana Capital characterized Urban Company as a strong, capital-efficient and durable business in the local services market. Urban Company is an on-demand home services firm. It announced its fifth Employee Stock Ownership Plan (ESOP) secondary sale, with Prosus, Vy Capital and Dharana Capital buying employee shares worth Rs 203 crore. The company has granted ESOPs to 1,593 employees and ex-employees and has awarded 11% of its current fully diluted cap table as ESOPs (vested, unvested, and sold). To date, 784 employees and ex-employees have participated in five secondary ESOP sale programmes, liquidating ESOPs worth Rs 306 crore across those programmes. About 450 employees and ex-employees had the opportunity to participate in the ongoing ESOP secondary sale amounting to Rs 203 crore. Co-founder and CPTO Raghav Chandra said the company has actively pursued secondary sales and is keen to strengthen and grow its ESOP programme. Urban Company, formerly UrbanClap, is a home services platform that lets customers book services—such as AC maintenance, TV repair, painting, plumbing, cleaning and haircuts—through its app or website. The startup operates in 35 cities across India, Singapore, Australia, the UAE and Saudi Arabia and has more than 35,000 service partners active on the platform. Urban Company focuses on productizing services through technology and weeks-long training and upskilling programs for service workers to increase their earnings and versatility. The company saw growth disrupted by last year’s nationwide lockdown but began recovering last year and reported its best month to date in March. It plans to deploy new capital to expand in its existing markets, supercharge onboarding, training and safety, and to expand its technology team. The startup said it plans to file for an IPO within the next 24 months. UrbanClap operates a marketplace that matches service professionals—such as cleaners, repair staff and beauticians—with customers. The platform serves customers across 10 cities in India as well as in Dubai and Abu Dhabi. TechCrunch describes UrbanClap as India’s largest home services startup. The article reports that UrbanClap has raised $75M. No revenue or user metrics are provided in the article. Other operational or strategic details beyond its service categories and geographic reach are not included in the piece.

Total raised

$582M

Funding rounds

9

Latest round

Equity

Latest activity

Sep 2025