Urban Company Launches Revamp To Offer Home Makeovers

SUMMARY

The Urban Company’s new “sub-brand” is currently available in Mumbai, Delhi-NCR, Bengaluru, and Hyderabad

The new sub-brand is expected to create alternate streams of revenue for the company ahead of its potential listing next year

The latest offering comes three months after Urban Company filed its DRHP with the SEBI for an INR 1,900 Cr public issue

Hyperlocal services startup Urban Company has rolled out a new offering that allows users to book one-day micro home makeovers.

Called Revamp, the Urban Company’s new “sub-brand” is currently available in Mumbai, Delhi-NCR, Bengaluru, and Hyderabad.

“From premium wall panels and integrated lighting to smart, modular furniture, Revamp offers 300+ curated looks to instantly upgrade your living spaces. Book a consultation on the Urban Company app, choose your design, and watch your room transform,” said Urban Company cofounder and CEO Abhiraj Singh Bhal in a post on X.

The new sub-brand is expected to create alternate streams of revenue for the company ahead of its potential listing.

This is also in line with Urban Company’s ongoing push for product-led services. Last month, Inc42 reported that the hyperlocal services startup was readying its line of air conditioners, which will hit the shelves by the summer of 2026. This is besides the line of water purifiers and smart door locks that the company launched in 2023.

In addition, the company has also been selling a wide range of tools and equipment to its gig workers, bringing in more revenue for the company.

Founded in 2014 by Bhal, Raghav Chandra, and Varun Khaitan, Urban Company operates a full-stack marketplace, which allows users to hire professionals for home cleaning, pest control, repairing, painting and salon services.

Backed by the likes of Accel, Tiger Global, Prosus and Steadview Capital, the startup has raised close to $700 Mn since its inception.

The company’s latest offering comes three months after it filed its draft red herring prospectus (DRHP) with the SEBI for an INR 1,900 Cr public issue. The startup’s IPO will comprise a fresh issue of up to INR 429 Cr and an offer for sale component of INR 1,471 Cr.

The company plans to utilise the fresh proceeds for the development of new technology, lease payments for its offices and marketing activities.

Meanwhile, on the financial front, Urban Company turned profitable in the fiscal year 2024-25 (FY25). The startup clocked a net profit of INR 239.7 Cr during the fiscal year under review as against a loss of INR 92.7 Cr in FY24. On similar lines, operating revenue jumped 38.2% to INR 1,144.4 Cr in FY25 from INR 828 Cr in the previous fiscal year.