UC Founders Rolling In Cash, Q-Commerce In The AI Age & More

Urban Company Founders’ INR 779 Cr Payday

The founders of IPO-bound Urban Company are rolling in cash. The three cofounders — Abhiraj Bhal, Varun Khaitan, and Raghav Chandra – cumulatively sold shares worth INR 779 Cr ahead of the company filing its DRHP. However, the trio still jointly hold a 20.1% stake in the company.

Not just the founders, backers Bessemer, Accel and Tiger Global have exited partially, cumulatively selling shares worth INR 615 Cr in the run-up to the IPO. 

Buyers Made…