Urban Company founders sell Rs 780 crore worth of shares through multiple pre-IPO secondary deals

Urban Company’s founders — Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan — sold shares worth nearly Rs 780 crore through secondary transactions ahead of filing the at-home services platform’s draft red herring prospectus (DRHP).According to the DRHP, each founder sold shares worth close to Rs 260 crore between September 2024 and February 2025 through multiple transactions.

Sources said a portion of the post-tax proceeds was used to fund payments for shares allotted to them during a 2019 rights issue. These shares were partly paid-up at…