How much is Urban Company worth?

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.

Who owns the Urban Company?

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

Who is CEO of Urban Company?

Is Urban Company successful?

Urban Company, previously called UrbanClap, is amongst the preeminent startups in India that have observed a sheer hype in their customer base. The startup has made it simple to avail services such as massage and salon without going outside and it is the biggest online services provider with a simple framework.

Is Urban Company in loss?

Gurugram-based hyperlocal services startup Urban Company’s loss has widened by almost 60% in the March ended FY21. The startup posted a loss of INR 249 Cr in FY21, in comparison to INR 155 Cr in FY20.

When was UrbanClap founded?

It was launched in November 2014. The main motive of the company is to empower millions of professionals world-wide deliver services at home like never experienced before. This innovative idea was brought up by three young brains, Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan.

How does UrbanClap make money?

But for UrbanClap, the primary source of revenue generation is charging commissions. In this approach, individuals specify their requirements; the platform recommends the service providers accordingly. Customers can either contact the service providers or can ask other customers to appoint them on their behalf.

Who invested in UrbanClap?

Funding led by new investors Prosus Ventures, Dragoneer and Wellington Management, with participation from existing investors Vy Capital, Tiger Global and Steadview.

Why UrbanClap changed its 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.

How was UrbanClap founded?

Urban Company – earlier known as Urban Clap – is not the first startup Varun Khaitan, Abhiraj Bhal, and Raghav Chandra launched. The three engineers decided to quit their cushy jobs to start a service that solved a primary customer need in India: home services. Today, Urban Company has come a long way.

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.

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.

Is Urban company an Indian company?

Urban Company, which was launched in Delhi in November 2014 with a handful of service professionals as UrbanClap, now claims to be India’s and the UAE’s largest home services company. During the last five years, it has expanded to three countries — Australia, Singapore and the UAE — from India.

How can I contact Abhiraj Bhal?

Urbanclap.com is a Information Technology And Services company and has headquarters in Gurgaon,harayana,india….Abhiraj Singh Bhal overview.

How does Housejoy make money?

Housejoy works on a marketplace business model wherein they charge a commission for the services delivered through their platform. The commission ranges from 5% to 15% depending on the category. Customers can choose a service from either their website or mobile app and book the same.

Is Urban Company a unicorn?

In its last funding round, led by Tiger Global in 2019, it was valued at $933 million. Urban Company is thus the latest Indian startup to enter the coveted unicorn club.

Why do people use Urban Company?

Urban Clap provides easy access to its home services through an online website and mobile app. The company has built a platform that is collaborative and easy to understand. Everyone can easily use it and book its services. Any user, or expert, effectively accesses the features.