Dharana Capital Invests Rs 400 Crore in Urban Company: A Major Stake Acquisition

Dharana Capital has invested Rs 400 crore to acquire a significant, undisclosed stake in Urban Company through a secondary transaction. This deal marks the largest ESOP liquidity in Urban Company's history, showcasing its profitability and revenue growth. Vamsi Duvvuri will join Urban Company's board as a Non-Executive Director.

In a significant financial move, venture capital firm Dharana Capital has invested Rs 400 crore to acquire an undisclosed stake in doorstep service provider Urban Company, as revealed in a joint statement on Wednesday.

The acquisition, made through a secondary transaction from employees and other shareholders, represents the largest ESOP liquidity event in Urban Company's history. This transaction underlines Urban Company's strategic focus and operational success in the competitive local services market.

Dharana Capital founder and Managing Partner Vamsi Duvvuri praised Urban Company's business model and confirmed his future involvement as a Non-Executive Director on the board. Urban Company CEO Abhiraj Singh Bhal expressed excitement about the partnership and highlighted the company's recent profitability and robust financial performance.