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Dharana Capital, an India-focused investment firm, has injected $50 million into Urban Company through a secondary transaction, acquiring shares from employees and other shareholders. This transaction marks the largest ESOP liquidity in the home services provider's history. Urban Company has turned profitable in Q1FY25 at a profit before tax level, according to CEO Abhiraj Bhal. Founders of Snapdeal, Kunal Bahl, and Rohit Bansal have exited Urban Company with a significant return on their investment.
#LeadStoryOnET | ₹57 lakh turns to ₹110 crore: Kunal Bahl & Rohit Bansal earn bumper return from #UrbanCompany https://t.co/X21aYUcJar
#Snapdeal founders #KunalBahl and #RohitBansal have exited the services platform #Urbancompany with a staggering 200 times return on their #investment. https://t.co/MGPqH7LYwf
Kunal Bahl and Rohit Bansal's exit from Urban Company comes at an important time Till now, they have been investing personal capital in seed-stage startups through Titan Capital But Titan is right now raising a Rs 300 cr fund to back select startups in their portfolio 👇 https://t.co/RhEaZSdM85
