IPO-Bound Urban Company Founders Offload INR 779 Cr Shares

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SUMMARY

As per the company’s DRHP, Abhiraj Bhal, Varun Khaitan and Raghav Chandra collectively sold shares worth INR 259 Cr each

The shares were offloaded as part of multiple transactions between September 2024 and March 2025

Besides founders, Urban Company’s early backers, including Bessemer India Capital, Accel India and Tiger Global Management, offloaded shares

Ahead of filing its draft red herring prospectus (DRHP), consumer service unicorn Urban Company’s founder cumulatively sold shares worth nearly INR 779.08…



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IPO-Bound Urban Company Founders Offload INR 779 Cr Shares


SUMMARY

As per the company’s DRHP, Abhiraj Bhal, Varun Khaitan and Raghav Chandra collectively sold shares worth INR 259 Cr each

The shares were offloaded as part of multiple transactions between September 2024 and March 2025

Besides founders, Urban Company’s early backers, including Bessemer India Capital, Accel India and Tiger Global Management, offloaded shares

Ahead of filing its draft red herring prospectus (DRHP), consumer service unicorn Urban Company’s founder cumulatively sold shares worth nearly INR 779.08…



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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