Maharashtra goods and services tax (GST) authorities have sent Urban Company a tax demand and penalty notice amounting to INR 56.4 Cr. The company stated in a filing with the exchanges that the total sum consists of INR 51.3 Cr in primary tax and INR 5.13 Cr
📄Company Profiles
A technology platform that offers a wide range of home services, Urban Company, allows customers to book appointments for services such as beauty treatments, haircuts, massage therapy, cleaning, plumbing, carpentry, appliance repair, painting, and more. These services are delivered in the comfort of the customer’s home and at a
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Urban Company, previously UrbanClap, has made our at-home services so easy. It has revolutionized the way we use our various services. Earlier, we had to go out to get our services done. But with Urban Company, we get to enjoy them at home. The services include beauty, spa, repair work,
Nine initial public offerings (IPOs) will be available for subscription on mainboard and SME platforms this week, making it a busy week for primary markets. Investor interest is booming, ranging from well-known brands like Urban Company to specialised firms in engineering, metallurgy, and retail. Some issues have a great hunger
The promoters of Urban Company and notable investors like Accel India, Elevation Capital, Bessemer India, VY Capital, and Tiger Global have seen a significant increase in the value of their holdings since the company revealed that the price range for its next public offering would be INR 98–103 per
According to its draft red herring prospectus (DRHP), PO-bound consumer services startup Urban Company has started to wind down its step-down subsidiary in Saudi Arabia since it was unable to turn a profit. The startup in consumer services announced that it has begun moving its operations in Saudi Arabia to
Urban Company, a leading on-demand services platform, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) valued at up to INR 1,900 crore. The IPO is a mix of a primary issuance and an offer-for-sale
Urban Company has secured board approval to raise INR 528 crore (~$60 million) through a significantly downsized IPO, reducing its initial INR 3,000 crore target by over 80%. The company plans to file its draft red herring prospectus with SEBI soon.
👨💻StartupTalkers
Abhiraj Bhal is the co-founder and CEO of Urban Company (formerly known as UrbanClap). He is known to be the real transformational force that has swept through the Indian startup ecosystem. With his innate passion for solving real-world problems and commitment to customer satisfaction, Abhiraj has succeeded in developing a
According to reports, Urban Company, a startup providing hyperlocal services, plans to submit draft documents for its INR 3,000 Cr IPO by the end of March. According to a report that cited sources, the company will issue both new and existing shares in its first public offering (IPO). The
One of the biggest technology investors in the world, Prosus, is increasing its position in the home services platform Urban Company by almost double. The Netherlands-based investor wants to increase its holdings before the business goes public early next year. According to a media report, Prosus, which has funded some
According to media reports as of July 19, 2024, Kunal Bahl and Rohit Bansal, now running Titan Capital and co-founders of Snapdeal, received an incredible 200 times return on their investment before exiting the Urban Company platform. After investing INR 57 lakh in 2015, Bansal and Bahl finally got their
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Gig employment has revolutionized the Indian economy in recent years, providing a large number of jobs for the population and adding to the country's GDP in the long run. It is getting so popular that people are actively choosing gig work over regular work due to the convenience
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The service industry got swooned away with the entrance of Urban Company in the market. It came and created a huge place for itself in the business world. It came into people’s life no less than like a genie. People wanted to enjoy services like beauty, the spa at
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Funding is the money that new enterprises require to operate and achieve their objectives. Funding can come from a variety of sources, but investors are the most common. When investors put money into a company, they want it to succeed and make a lot of profit so that they can