Does Urban Company, the start-up, really justify a valuation of over $2 billion?

When it comes to start-ups, you cannot use traditional metrics. Firstly, let me tell you that Urban Company is a robust business model with an ongoing market even in the midst of this slowdown. Formerly called the Urban Clap brand, it offers online home services, and has seen a boom in home services like repairs, cleaning, painting, disinfection and grooming. So, it is a robust running model.

Recently, Urban Company raised $255 million from Prosus Ventures, Dragoneer and Wellington. With the latest round of fund raising, Urban Company is now valued at $2.1 billion. Urban Company has big plans laid out to expand to over 100 Indian cities and also create a footprint in global markets, where it is already present. Urban Company had been one of the major beneficiaries of the pandemic which confined people to homes.