HomeMarket NewsUrban Company files draft papers for ₹1,900 crore IPO
The company proposed to raise ₹429 crore through selling new shares and existing investors plan to sell stakes worth ₹1,471 crore, according to the Draft Red Herring Prospectus (DRHP).
By PTI April 29, 2025, 12: 09: 06 AM IST (Published)
Urban Company, which offers mobile app-based beauty and home care services, on Monday filed preliminary papers with the capital markets regulator Sebi to raise ₹ 1,900 crore through an initial public offering (IPO).
The company proposed to raise ₹429 crore through selling new shares and existing investors plan to sell stakes worth ₹1,471 crore, according to the Draft Red Herring Prospectus (DRHP).
Those selling shares under the offer for sale (OFS) route are — Accel India and Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd and VYC11 Ltd.
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The company proposes to use ₹190 crore for new technology development and cloud infrastructure, ₹70 crore for lease payments for its offices, ₹80 crore towards marketing activities, and the balance towards general corporate purposes.
Urban Company operates a technology-driven, full-stack online marketplace for quality-driven services and solutions across various home and beauty categories.