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.
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.