ET Startup Awards 2021: Urban Company wins Covid-led Business Transformation award
The founders of Urban Company—Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan —were able to considerably grow a high-touch services business amid a raging pandemic, while most offline counterparts were severely compact.
The ET Startup Awards 2021 jury, which picked Urban Company because the ultimate winner within the fresh introduced Covid-led Business Transformation class, highlighted this facet because the key takeaway for the Gurugram-based firm, that was once referred to as UrbanClap.
One of the contenders for the highest spot, Hubilo, which remodelled from being a platform that managed in-person events to a software-as-a-service-based virtual and hybrid business model, conjointly found special mention.
“We area unit worthy to receive the award. The pandemic has been a process amount for the United States. As opposition fastness down and cutting prices, we tend to took the choice ahead of time to double down, and stand by our customers, partners and workers,” Bhal same. “This award could be a testament that powerful times do not last, it's what we tend to build off them that matters.”
The fact that customers were assured enough to let a trespasser (service partner) enter their homes for numerous services was extraordinarily important, the jury members the same.
“They fully remodelled their business throughout Covid-19, exploitation numerous safety protocols and workers vaccinations to show a terrible pandemic into a business chance. They launched and scaled new classes like Men’s Salon. Eventually, Urban Company personnel were one amongst the few “outside” folks coming into our homes before anybody else,” Zomato father Deepinder Goyal, one amongst the jury members, said.
Goyal, however, recused himself from choice as he's associate angel capitalist in Urban Company, although he was a part of the discussions to pick out a winner.
Bhal same within the past eighteen months, Urban Company had onboarded thousands of latest service partners, employed many workers and distended its geographic footprint to twenty new cities in Asian country and 3 different countries.
“Our safety protocols and new service offerings were well received by customers, UN agency relied on the United States to avail hygienical services reception,” he added.
In June, the corporate mopped up $225 million in recent capital on a valuation of $2.1 billion, which was quite double its previous spherical.