Is Urban Company owned by Tata?

Is Urban Company owned by Tata?

Till date, Tata, also chairman-emeritus at Tata Sons) has invested in 43 start-ups. These include high-growth companies such as Ola, Paytm, Lenskart, UrbanClap and Urban Ladder.

How did Urban Company start?

Urban Company was established in November 2014. The brand’s main motive is to empower millions of professionals worldwide to fulfill services at home like never felt before. This innovative idea was brought up by three modern minds, Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan.

Who funded Urban Company?

On-demand home service provider Urban Company has raised $190 million from investors led by Prosus (formerly Naspers), regulatory filings sourced from Tofler show. The deal more than doubles the company’s valuation to $2 billion. In its last funding round, led by Tiger Global in 2019, it was valued at $933 million.

Who is CEO of Urban Company?

Who owns UrbanClap?

Urban Company changed its name to UrbanClap in Jan 2020. In this huge change, co-founder Abhiraj Bhal said that it is important to have a globally acceptable brand.

Is Urban Company Indian?

Urban Company | YourStory. Founded in 2014 by Abhiraj Bhal, Varun Khaitan and Raghav Chandra, Urban Company (formerly UrbanClap) is India and the UAE’s largest home services company.

Is Urban Company successful?

Success story of Urban Company Urban Company is the leading home services provider in Asia. It is present in countries such as Singapore, the UAE, and Australia. In India, Urban Company is present in 30+ cities. In six years, Urban Company has won the trust of its customers and built an amazing platform.

Is Urban Company profitable?

While Urban Company doubled its revenues in both FY19 and FY20, it managed to grow total revenues by 10% to ₹290 crores in FY21, which is still decent. That is where the good news ends. Urban Company incurred losses of ₹155 crores in FY20, which grew nearly 60% to ₹249 crores in FY21.

Is Urbanclap a unicorn company?

Urban Company (formerly called Urban Clap) is 2021’s newest unicorn. And, just like Cred, Meesho and ShareChat, it has entered the coveted club with a valuation of more than $2bn.

Who owns Urban Company India?

Abhiraj Singh Bhal – Co Founder – Urban Company | LinkedIn.

Who is investor of Urban Company?

Urban Company (UrbanClap) investors

Who is the brand ambassador of UrbanClap?

New Delhi: UrbanClap, digital home services platform, on Monday announced that it has appointed Bollywood actor Kriti Sanon as its brand ambassador for the beauty vertical. Sanon joins actor Ayushmann Khurrana who endorses UrbanClap’s air conditioning repair services.

What is the net worth of UrbanClap?

BENGALURU : Urban Co. (formerly UrbanClap) on Wednesday said it has raised $255 million at a valuation of $2.1 billion, making the hyperlocal service provider the latest startup to enter India’s unicorn club.

How much is Urban Company worth?

The transaction pegged Urban Company’s valuation at $2.8 billion, which was higher than the $2.1 billion net worth the home services provider commanded during its Series F funding round in June 2021.

Why UrbanClap changed name?

India’s leading home service platform, Urban Clap has officially announced its new brand name ‘Urban Company. ‘ Rebranding indicates the company’s vision aims at being a horizontal platform with a global footprint. As the company is expanding itself globally, the organisation wanted a name which has a universal appeal.

What happened to UrbanClap?

Today, UrbanClap announced the creation of its new brand, Urban Company. The new umbrella brand captures the company’s ambition to be a horizontal gig marketplace, with a global footprint and leadership position across service categories, Beauty & Wellness and Home Repairs & Maintenance.