- From getting a haircut to getting electrical appliances repaired, people have been relying on local shopkeepers. Technology and the Internet had no role in this. At the same time, the income of professionals providing such services was also low. The founders of Urban Company understood these small needs and by adding technology, AI and machine learning to it, they created a technology medium to provide various services.
- This Urban Company, which started in 2014 with the name Urban Clap, is today a successful unicorn with a market valuation of $2.18 billion (approximately Rs 18 thousand crores). Through more than 45 thousand trained partners, the company is providing about 60 types of services in 4 countries.
Around the year 2013, I was in a dilemma for two years. I wanted to do something, but I felt that how would I move forward unless I had a good idea. This is also a way of procrastination, especially when it comes to starting a startup. Procrastination is the art of lying to yourself. Some people will say it’s not the right time, the right co-founder hasn’t been found yet or there isn’t enough money. Entrepreneurship is a journey of finding the truth, so you have to face your truth. My truth was actually ‘my fear’. I was afraid that I didn’t have an idea. Everyone’s fears can be different. You have to overcome them. – Abhiraj Bhal, CEO, Urban Company (in an interview)
It is also ahead in giving returns. Snapdeal’s founder Rohit Bansal had invested Rs 57 lakh in it in 2015. Now after nine years, he has given his stake to Dharana Capital and has made a profit of Rs 111 crore.
Last year, women partners protested against it in Bengaluru. Cases like blocking IDs due to ratings have also come to light. 90% of Urban Company’s business comes from India. The rest of the business comes from abroad. This startup calls the professionals who multiply investors as partners. It claims that one-third of its partners are women, while women earn 23 percent more (earnings per hour) and even partners working with it are earning more than a basic IT job. However, there have been controversies with this. New terms of service
- From getting a haircut to getting electrical appliances repaired, people have been relying on local shopkeepers. Technology and the Internet had no role in this. At the same time, the income of professionals providing such services was also low. The founders of Urban Company understood these small needs and by adding technology, AI and machine learning to it, they created a technology medium to provide various services. This Urban Company, which started in 2014 with the name Urban Clap, is today a successful unicorn with a market valuation of $2.18 billion (approximately Rs 18 thousand crores). Through more than 45 thousand trained partners, the company is providing about 60 types of services in 4 countries. The company works with its
It is important to get rid of your fear before starting a venture
Around the year 2013, I was in a dilemma for two years. I wanted to do something, but I felt that how would I move forward unless I had a good idea. This is also a way of procrastination, especially when it comes to starting a startup. Procrastination is the art of lying to yourself. Some people will say it’s not the right time, the right co-founder hasn’t been found yet or there isn’t enough money. Entrepreneurship is a journey of finding the truth, so you have to face your truth. My truth was actually ‘my fear’. I was afraid that I didn’t have an idea. Everyone’s fears can be different. You have to overcome them. – Abhiraj Bhal, CEO, Urban Company (in an interview)
It is also ahead in giving returns. Snapdeal’s founder Rohit Bansal had invested Rs 57 lakh in it in 2015. Now after nine years, he has given his stake to Dharana Capital and has made a profit of Rs 111 crore.
Last year, women partners protested against it in Bengaluru. Cases like blocking IDs due to ratings have also come to light. 90% of Urban Company’s business comes from India. The rest of the business comes from abroad. This startup calls the professionals who multiply investors as partners. It claims that one-third of its partners are women, while women earn 23 percent more (earnings per hour) and even partners working with it are earning more than a basic IT job. However, there have been controversies with this. New terms of service