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The founders of IPO-bound Urban Company are rolling in cash. The three cofounders — Abhiraj Bhal, Varun Khaitan, and Raghav Chandra – cumulatively sold shares worth INR 779 Cr ahead of the company filing its DRHP. However, the trio still jointly hold a 20.1% stake in the company.
Not just the founders, backers Bessemer, Accel and Tiger Global have exited partially, cumulatively selling shares worth INR 615 Cr in the run-up to the IPO.
Buyers Made…
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The founders of IPO-bound Urban Company are rolling in cash. The three cofounders — Abhiraj Bhal, Varun Khaitan, and Raghav Chandra – cumulatively sold shares worth INR 779 Cr ahead of the company filing its DRHP. However, the trio still jointly hold a 20.1% stake in the company.
Not just the founders, backers Bessemer, Accel and Tiger Global have exited partially, cumulatively selling shares worth INR 615 Cr in the run-up to the IPO.
Buyers Made…
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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