India, April 29 -- Ahead of filing its draft red herring prospectus (DRHP), consumer service unicorn Urban Company's founder cumulatively sold shares worth nearly INR 779.08 Cr in secondary deals.

As per the company's DRHP, Abhiraj Bhal, Varun Khaitan and Raghav Chandra offloaded shares worth INR 259 Cr each between September 2024 and March 2025. The company filed its DRHP with SEBI for an INR 1,900 Cr IPO yesterday (April 28).

In multiple transactions, the founders sold these shares to Urban Company's existing backers, including Prosus Ventures, Dharana Capital, Think Investments, former ITC executive Sanjiv Rangrass, SailThru Ventures and Swiggy's cofounder and CEO Sriharsha Majesty.

Currently, each of the three founders holds a 6.67...