Urban Company Overview
- Urban Company is a developer of a home service platform that connects customers looking forspecific services with experienced and skilled professionals. The services include spa and salon,plumbing, photography, servicing and repairing, and so forth.
- It was founded in 2014 by Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan.
- Based on their business model, Urban Company’s major revenue streams are commissions fromservice providers, lead generation, ads on the platform, and reverse auction.
- Urban Company grew especially rapidly in the Post-Pandemic Period because of their policy ofoffering different price points, a more affordable price point, and a luxury price point, to cater tothe entire market, which is valued at around $12 Bn.
Funding History
- Urban Company has raised funding worth $380 Mn in aspan of over 8 years and 11 rounds.
- Their latest investors were Prosus Ventures, raising $193Million in April 2021.
- Urban Company doubled its revenue from $17.7 Mn in FY 19to $35.2 Mn in FY 20 and was looking at a valuation of $2Bn.
- Their lead investors include Bessemer Venture Partners,Tiger Global Management, Vy Capital, Trifecta CapitalAdvisors, Steadview Capital, amongst others.
