ET Startup Awards 2025: 100X IPO subscription is a responsibility, not a victory lap: Urban Company CEO

Urban Company CEO Abhiraj Bhal recently offered a thoughtful perspective on the company’s highly oversubscribed IPO at the ET Startup Awards 2025. Instead of celebrating the 100x oversubscription as a mere triumph, Bhal emphasized the significant responsibility it entails. This remarkable investor interest underscores the immense faith placed in Urban Company’s future growth and potential.

The substantial oversubscription reflects a strong belief in the company’s business model and its position within the burgeoning on-demand services sector. It highlights the success of Urban Company’s strategy and its ability to attract and retain both customers and investors. However, Bhal’s comments suggest a focus on fulfilling the expectations generated by this massive investment.

This measured response from Bhal indicates a mature understanding of the challenges that accompany rapid growth and high valuations. The pressure to deliver consistent performance and innovation to justify the investor confidence is immense. It suggests a focus on long-term sustainability rather than short-term gains. The CEO’s statement serves as a reminder that while significant funding is a positive indicator, the true measure of success lies in delivering on the promises made to investors and consistently meeting the evolving needs of the market. The journey ahead for Urban Company, while promising, demands sustained effort and strategic execution.