Which started by posting its services on Facebook and is now a multi-billion dollar giant gearing up for an IPO.
The post dated 15 July 2014, by the founder of Urban Clap (now Urban Company), offers a personal concierge service to users, in which they will find a suitable service provider for any of their requirements.
It also claims that it can cater to any requirement imaginable.
Startup UrbanClap was founded by Abhiraj Singh Bahl and Varun Khaitan, with Raghav Chandra later joining the team. Initially, they find their customers by posting on Facebook, offering users a service provider for their requirements.
In late 2014, just a few months after its launch, the company began to focus primarily on home services, including cleaning, beauty, and appliance repair.
But the First Breakthrough came when they began recruiting a network of service professionals.
They train them and ensure that quality standards are met.
From there, they began growing rapidly and subsequently raised a substantial amount of funding. In 2017, they closed their Series C Round at $50 million, with Accel Partners and Tiger Global as lead Investors.
Urban Clap made headlines when it finally achieved the much-awaited status of being a unicorn startup.
It closed its Series E at $75 Million, which was led by Steadview Capital.
In 2020, it rebranded as Urban Company to position itself among premium communities and offer specialised services.
Fast forward to 2025, the unicorn is now an IPO-bound company, having filed its DRHP and is eying a ₹1,900 crore fundraising round.
Continuous loss-making is a significant concern for both founders and shareholders. However, on 19 June 2025, the company finally revealed its first-ever profit of 240Cr in FY25.
Urban Company’s consistent innovation and focus on quality services have made it a leader in the home services sector. Recently, Swiggy also launched a rival called “Pyng,” and it is gaining early traction in its pilot phase.
The main questions ahead are whether the company can generate a profit and whether Swiggy’s Ping can snatch the market share from Urban Company or if it will perform well in the public eye.
