The co-founders of Urban Company, the home services marketplace, believe that raising venture funding is very similar to taking a loan and startup founders must treat it as someone else’s money.
Home and salon services provider Urban Company’s revenues dropped to nearly zero during the lockdown. But, now, business is booming and it has its eyes firmly set on an IPO in the next few years.
In barely five years, Abhiraj Bhal, Varun Khaitan, and Raghav Chandra have made UrbanClap the go-to platform for urban Indians looking for anything from pedicures to painting houses.
The company, which is looking to expand operations, has raised about $110 million in total from investors such as Accel Partners, Steadview Capital, and Bessemer Venture Partners before this round.
