Urban Company IPO, CEO and Company Details

Urban Company is a popular platform in India that provides various kinds of home services. It is set to launch its IPO on 10 September, 2025. Investors interested in applying for this company’s IPO can do so till 12 September 2025. In this blog post, we shall guide our readers about the Urban Company, its IPO, CEO and Company company details. 

About Urban Company Details

Urban Company Limited (UCL), formerly known as UrbanClap, was founded in 2014. It is an Indian home services provider that connects individuals with professionals for various home services including beauty treatments, plumbing, cleaning and appliance repair. The headquarters of the company is located at Gurugram. 

As of March 2025, approx. 40,000 professionals are registered with UCL. The founders of the company are Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan. Abhiraj Singh Bhal is not only one of the company’s founders but also the Urban Company CEO. 

In his LinkedIn ‘About’ section, Abhiraj Singh Bhal wrote: “Urban Company started out as UrbanClap in Nov 2014, when Raghav, Varun and I realised that the home services industry was predominantly unorganised, fragmented and offline. Customers found it difficult to avail quality services in a convenient manner, and service professionals were struggling to make ends meet, having to rely upon several middlemen, contractors, and local aggregators. The founders felt that the industry was ripe for disruption, and launched Urban Company…”

Services Provided by Urban Company

UCL provides the following services:

• Home painting and waterproofing

• Kitchen Cleaning

• Wall Makeovers

• Intense Bathroom Cleaning

• Pest Control

• Bed Bugs Control

• Termite Control

• Waxing

• Manicure

• Pedicure

• Bleach and Detan

• Korean Facial

• Ayurvedic Facial

• Stress Relief Spa

• Pain Relief Spa

• Sofa & Carpet Cleaning

• AC Service & Repair

• Laptop Repair

• Geyser Repair

• Washing Machine Repair

• WiFi CCTV Installation

• Tap Repair

• Channel Repair

• Haircut 

• Hair Colour

Urban Company Founder Details

The details of UCL’s founders are explained below:

1. Abhiraj Singh Bhal

Date of Birth: 7 December 1986 Age: 38 years Nationality: Indian Education: MBA in Business Administration, IIM Ahmedabad (2009-2011) Bachelor of Technology, Electrical Engineering, IIT Kanpur (2005-2009) Employment History: CEO and MD at UCL since September 2014,  Consultant at the Boston Consulting Group (May 2011 - Apr 2014).

2. Raghav Chandra

Date of Birth: 25 February 1990 Age: 35 years Education: (B.S.) Computer Science and Engineering, Electrical Engineering and Computer Science, University of California, Berkeley (2008-2011) Employment History: Co‑founder & Chief Product and Technology Officer, UCL (since 2014) , Software Engineer at Twitter (Apr 2012 - Oct 2013), Software Engineer (Intern) at Yelp (Jun 2011 - Aug 2011), Founder of Buggi (car‑sharing startup, 2013)

3. Varun Khaitan

Date of Birth: 14 September 1987 Age: 37 Nationality: Indian Education: Bachelor of Technology, Electrical Engineering, IIT Kanpur (2005-2009) Employment History: Co-founder and COO at UCL since September 2014, Consultant at the Boston Consulting Group from Oct 2013 to Apr 2014, Associate at Boston Consulting Group from Oct 2011 to Sep 2013, Engineer at Qualcomm from Dec 2009 to Jul 2011.

Urban Company Team Details

Here are the details of the Urban Company’s team members: 

• Abhiraj Singh Bhal: Urban Company CEO & Managing Director

• Raghav Chandra: Executive Director & CTPO

• Varun Khaitan: Executive Director & COO

• Abhay Krishna Mathur: Chief Financial Officer

• Mukund Kulashekaran: Chief Business Officer - India

• Neha Mathur: Chief Human Resources Officer

• Kanav Arora: Senior Vice President - Engineering

• Rahul Teotia: Vice President - Marketing

• Richa Mohanty Rao: General Counsel - Legal

• Nitesh Agarwal: Vice President - UT DMCC

• Sonali Singh: Company Secretary and Compliance Officer

Current Investors of Urban Company

The following investors have invested in UCL:

• Elevation

• ACCEL Partners

• Bessemer Venture Partners

• VY Capital

• Steadview Capital Management

• Tiger Global

• Dragon Investment Group

• Wellington Management

• Prosus Ventures

• Think Investments

• Dharana

• Arohi

Urban Company IPO Details

This IPO aims to raise Rs. 1,900 crore through a fresh issuance of Rs. 472 crore and an offer for sale (OFS) totaling Rs. 1,428 crore. Under the OFS, Accel India IV (Mauritius) Ltd, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte Ltd, VYC11 Ltd, and Elevation Capital V Ltd will sell their stake in UCL. 

The proceeds from the fresh issue will be allocated for new technology development, cloud infrastructure, office lease payments, marketing activities and general corporate purposes. The company has reserved 75% of the net offer for qualified institutional buyers (QIBs) and 10% for retail investors. The remaining 15% is reserved for non-institutional investors. 

The allotment for the issue is expected to be finalized on 15 September, and the shares of the company are anticipated to be listed on the stock exchanges on 17 September. Morgan Stanley India Company, Kotak Mahindra Capital Company, JM Financial and Goldman Sachs (India) Securities are the book-running lead managers for this IPO issue while MUFG Intime India is the registrar.

Conclusion

Urban Company was founded in November 2014 by Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra. Back then, the company was known as UrbanClap. The company got its present name in January 2020. The company plans to open its IPO on 10 September 2025. The last date to apply for its IPO is 12 September 2025. The price band for the IPO is set at Rs. 98 - Rs. 103 per share. 

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Disclaimer: This blog is for informational purposes only and does not constitute investment advice. Readers should consult a licensed financial advisor before making any investment decisions.

Frequently Asked Questions (FAQs)

Q1. When was Urban Company founded?
A. It was founded in the month of November in 2014.

Q2. Who are the Urban Company founders?

A. Its founders are Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan.

Q3. Who is Urban Company CEO?

A. Urban Company’s CEO is Abhiraj Singh Bhal.

Q4. What is the issue size of Urban Company Ltd IPO?

A. Its IPO issue size is 19000000000.

Q5. What is Urban Company IPO allotment date?

A. Its IPO allotment date is 15 September 2025.

Author: Manish Kumar

I’m Manish Kumar, a content management specialist. I simplify complex financial and regulatory topics into clear, insightful content. As a regular contributor to the Registrationwala portal, I provide updates on finance, Tax, government schemes, compliance, and other incorporation information. My goal is to keep you informed about key industry developments and their impact.