Urban Company founders sell Rs 780 crore worth of shares through multiple pre-IPO secondary deals

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Urban Company’s founders — Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan — sold shares worth nearly Rs 780 crore through secondary transactions ahead of filing the at-home services platform’s draft red herring prospectus (DRHP).According to the DRHP, each founder sold shares worth close to Rs 260 crore between September 2024 and February 2025 through multiple transactions.

Sources said a portion of the post-tax proceeds was used to fund payments for shares allotted to them during a 2019 rights issue. These shares were partly paid-up at…



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Urban Company founders sell Rs 780 crore worth of shares through multiple pre-IPO secondary deals


Urban Company’s founders — Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan — sold shares worth nearly Rs 780 crore through secondary transactions ahead of filing the at-home services platform’s draft red herring prospectus (DRHP).According to the DRHP, each founder sold shares worth close to Rs 260 crore between September 2024 and February 2025 through multiple transactions.

Sources said a portion of the post-tax proceeds was used to fund payments for shares allotted to them during a 2019 rights issue. These shares were partly paid-up at…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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