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Urban Company announces ESOP secondary sale worth Rs 203 Cr for 446 employees

EntrackrEntrackr · 1y ago
Urban Company announces ESOP secondary sale worth Rs 203 Cr for 446 employees
Medial

Home service marketplace Urban Company has announced its largest employee stock secondary sale worth Rs 203 crore (nearly $25 million). This is the fifth ESOPs buyback wherein 446 employees have participated, according to the company’s press statement. As per Urban Company, beneficiary employees are between 23 and 56 years old, with 28% of beneficiaries being women. This sale will give the company’s employees an opportunity to liquidate their vested stocks. Dharana Capital (an offshoot of existing investor Vy Capital), along with existing investors Vy Capital and Prosus will be purchasing these shares from former and current staff. To date, Urban Company has granted ESOPs to 1,593 employees and around 784 of them participated in five buybacks, liquidating ESOPs worth Rs 306 crore ($37 million). The Abhiraj Bhal Singh-led company did its last ESOP liquidity program in December 2021 at a valuation of $2.8 billion. The company did not disclose the valuation of the latest buyback. However, Entrackr’s sources outline that the fresh buyback is happening at a valuation of around $2.2 billion to $2.5 billion. Just ahead of the fourth buyback, Urban Company achieved unicorn status in June 2021. It hasn’t raised any external capital since then. According to the startup data intelligence platform TheKredible, Urban Company posted a revenue of Rs 637 crore in FY23 and managed to reduce its losses by 40.1% during the fiscal year. The buyback of ESOPs came a month after it turned profitable at PBT (profit before tax) level. On a consolidated basis in April, the company posted PBT of Rs 7 crore. Entrackr had exclusively reported the development earlier this month. The company also expects its operations in UAE to become profitable in the coming months. As per sources, Urban Company is preparing for a public listing which is likely to happen in the second half of next year (2025).

Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push

EntrackrEntrackr · 1m ago
Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push
Medial

Urban Company posts 37% growth in Q2 FY26, losses balloon due to Insta Help push Home services marketplace Urban Company has reported strong topline growth during the second quarter of FY26, though its bottom line took a hit due to heavy investments in its newly launched vertical, Insta Help. According to the company’s quarterly financial results, Urban Company's revenue from operations rose 37% year-on-year to Rs 380 crore, while its net transaction value (NTV) grew 34% to Rs 1,030 crore. Urban Company’s India Consumer Services, which includes categories like cleaning, beauty, and repair, clocked Rs 262 crore in revenue. Its annual transacting users stand at 7.4 million, while its monthly active professionals increased to 57,251 during the quarter. Income from the native water purifier surged 179% to Rs 75 crore in Q2 FY26. Revenue from its international business stood at Rs 41 crore, while Insta Help, the company’s new daily housekeeping vertical launched earlier this year, has processed 468,000 orders in October 2025 with minimal revenue. With the new launch, the company has to expand its team as its employee benefits, marketing, and other overheads led its total expenditure to increase to Rs 462 crore in Q2 FY26, resulting in a net loss of Rs 59 crore, compared to a loss of Rs 1.82 crore in Q2 FY24. On a sequential basis, the firm posted a net profit of Rs 6.94 crore in Q1 FY26. According to Urban Company’s shareholders' letter, it expects consolidated EBITDA losses to continue in the near term as it invests aggressively in scaling Insta Help, which it sees as a large, high-frequency category critical to strengthening its core platform. At the end of September 2025, Urban Company’s total current assets stood at Rs 1,939 crore, providing ample liquidity to fund new initiatives and expansion. “While we are not yet generating free cash flow, our goal is to build a platform that maximizes long-term FCF per share and delivers lasting value to every shareholder,” said Abhiraj Singh Bhal, co-founder and CEO of Urban Company.

Urban Company concludes $63 Mn secondary led by Dharana Capital

EntrackrEntrackr · 1y ago
Urban Company concludes $63 Mn secondary led by Dharana Capital
Medial

Vy Capital’s offshoot Dharana Capital has bought $50 million worth of secondary shares from employees, early investors and founders. Significantly, this transaction is a part of a $63 million secondary round in which Prosus also participated. This transaction also includes $25 million ESOP buyback from employees in May this year, said a company’s top official to Entrcakr. Following the secondary transaction, Vamsi Duvvuri, founder and managing partner of Dharana Capital, will also join the board of Urban Company as a non-executive director, as per the fund’s press statement. Dharana Capital is an India-focused fund which has backed several startups including Zopper, Lentra, NoBroker and Itilite. To date, Urban Company has granted ESOPs to 1,593 employees and around 784 of them participated in five buybacks, liquidating shares worth Rs 306 crore ($37 million). Urban Company concluded its last ESOP liquidity program in December 2021 at a valuation of $2.8 billion. As per Entrackr’s sources, the new buyback happened at a valuation of around $2.2 billion to $2.5 billion. As per startup data intelligence platform TheKredible, Urban Company posted a revenue of Rs 637 crore in FY23 and managed to reduce its losses by 40.1% during the fiscal year. The company also turned profitable at profit before tax level in April. Importantly, it also claimed to have achieved profit at PBT level in June quarter of FY25. Urban Company currently operates in 62 cities across India, the UAE, Singapore, and The Kingdom of Saudi Arabia. The company has a partner network of over 55,000 hand-picked service professionals.

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