Urban Company, the Gurugram-based at-home services startup formerly known as UrbanClap, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) valued at approximately Rs 2,000 crore ($223 million). The IPO comprises a fresh issue of Rs 429 crore and an offer for sale (OFS) of Rs 1,471 crore by existing investors, including Accel, Bessemer, Tiger Global, and Elevation. The company’s founders—Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan—have sold shares worth Rs 780 crore through multiple secondary transactions between September 2024 and February 2025, ahead of the IPO. Proceeds from the IPO are intended to support platform innovation, technology upgrades, marketing efforts, and office expansion. Urban Company is backed by Tiger Global and aims to get listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).