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Urban Company, India’s largest home and beauty services platform, is hitting the public markets with its ₹1,900-crore IPO.
The deets: backed by marquee investors like Accel, Elevation Capital, Bessemer, Tiger Global, and VY Capital, the Gurugram-based startup will open its IPO on September 10.
The issue includes ₹472 crore worth of fresh shares from the company itself, while existing investors will cash out ₹1,428 crore via offer-for-sale. Employees also have a reserved portion of ₹2.5 crore.
Why it matters: proceeds from the fresh issue will go into tech and cloud development, office leases, marketing, and general corporate purposes. Urban Company has carved a niche with services like home cleaning, plumbing, pest control, grooming, and recently expanded into home solutions.
