Monday, November 6, 2023

Urban Company erstwhile Urban Clap

Urban Company, the Hyperlocal services unicorn has a presence in top 10 metros and 40 Tier 2 cities, by-and-large it has "been in a metro phenomenon so far".

On the international front, the UAE market is doing quite well for the company.

"On the back of the success of UAE, we are at the cusp of announcing a JV in Saudi Arabia...which should happen hopefully in the next three months...and Singapore, which is also a very important and strategic market for us...we have been there for the last three years, and that market also is doing well," Abhiraj Bhal, co-founder of Urban Company

Bhal said Urban Company, the marketplace for home services, would like to go for an IPO "at the right time", and while internal preparations have started, there are no firm timelines for hitting the public markets.

"We would definitely like to go public at the right time. Internal preparations have started, but I can't put a firm timeline...I think we are still some distance away, but we would like to be ready," Bhal said.

The company in October launched its range of fully 'Made in India' smart RO water purifiers - marking its foray into the branded water purifiers space.



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