Who invested in Urban Company?

Who invested in 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.

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.

Which industry does Urban Company belong to?

Founded in Nov 2014 by Abhiraj Bhal, Varun Khaitan and Raghav Chandra – Urban Company is Asia’s largest home services company. We are an all-in-one platform that helps users hire premium service professionals, from beauticians and masseurs to sofa cleaners, carpenters and technicians.

What industry is urban clap?

Urban Company (also known as UrbanClap) is a company that develops and provides web and app-based marketplace for hiring local housekeeping and personal services.

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.

Who invested in Lenskart?

Softbank owns about 20% of Lenskart, while TPG and IFC were also early investors, along with marquee angel investor Ronnie Screwvala. The company’s expansion plan revolves around four focus markets–India, the Middle East, Southeast Asia, and the US.

Why is Urban Company in loss?

Valuations might have soared for many, but the pandemic had a severe impact on the earnings of most of the growth and late-stage startups in India in FY21. And this is evident from the revenue shrinkage of Ola, Oyo and Droom during the last fiscal.

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.

Is Urban Company loss making?

The company’s net loss widened 51% to `207 crore in FY21 from `137 crore in FY20, as per regulatory documents sourced by business intelligence platform Tofler. It posted a 13.8% increase in revenue from operations to `239 crore in FY21 compared to `210 crore in FY20.

Who owns UrbanClap?

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

Why is UrbanClap successful?

Urban Company, previously called UrbanClap, is among the leading startups in India that have witnessed a steep rise in their customer base. The company has made it easy to avail services such as massage and salon without going outside and it is the largest online services provider which has a very simple background.

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.

Who is CEO of Urban Company?

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 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.

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.

Why did UrbanClap change to Urban Company?

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.