Urban Company gears up for IPO by 2023, hits 140% pre-covid business level

Backed by investors including Ratan Tata and Accel, the company plans to scale up its operations in Tier-II and -III cities of India in the next few years

Technology-enabled home services firm Urban Company is getting set to go public in the next three years. Backed by investors like Accel Partners, Ratan Tata, and Flipkart CEO Kalyan Krishnamurthy, the company recently crossed 140 per cent of its pre-covid business.
 

A shift to home services has got a significant boost in the wake of the Covid-19 pandemic, with an increasing number of consumers staying at home and adopting online services with greater frequency.
 

“We are aggressively thinking about going public in the next two years,” said Abhiraj Bhal, co-founder of Urban Company, in an interview. “In the next six