Current Valuation: $2.8 billion (September 2022)

Funding Raised: $470 million

Funding Rounds: 12

No. Of Investors: 33

Loss: $62.71 million in FY 2022

Revenue: $53.39 million in FY 2022

Did you know Urban Company, India’s 50th unicorn, is also the biggest home services company in UAE?

Founded in 2014 by Abhiraj Bhal, Varun Khaitan, and Raghav Chandra, Urban Company began its journey as Urban Clap. The startup was created to establish an enhanced connection between customers and verified & skilled service professionals.

Co-founders, Varun and Abhiraj are both IIT-Kanpur alumni who completed their B.Tech in Electrical Engineering. Whereas, Raghav has studied BS in Computer Science and Engineering from the University of California, Berkeley.

The platform initially offered on-demand home services like beauty, repairs, and cleaning, but as the platform gained popularity, it began using technology to automate the process.

It was in 2019, that Urban Clap rebranded itself as Urban Company to reflect its ambition to become a global platform for connecting customers with local service providers.

Today, Urban Company operates in India, the UAE, Singapore, and Australia, becoming a leading player in the Indian home services market.