Home services marketplace Urban Company has raised ₹853.87 crore ($97 million) from marquee anchor investors ahead of its much-awaited ₹1,900 crore IPO, marking a strong vote of confidence in India’s consumer-tech story.
Funding Snapshot
- IPO Size: ₹1,900 crore (Fresh Issue: ₹429 crore + OFS: ₹1,471 crore)
- Anchor Investment: ₹853.87 crore from 8.29 crore shares at ₹103 each
- Key Investors: Goldman Sachs, GIC, Norges Bank, Dragoneer Investments, Nomura, Amundi, Steadview, WhiteOak
- Domestic Participation: 36.96% allocation to 13 mutual funds including SBI, HDFC, ICICI Prudential, Nippon, and UTI
IPO Details
The IPO will open on September 10 and close on September 12, with a price band of ₹98–103 per share. The minimum bid lot is set at 145 equity shares.
Investor Returns
Urban Company’s early backers are poised for outsized gains. Accel, holding a 10.51% stake, is set to gain 28.5X returns, while Elevation Capital (10.84%) and Bessemer Venture Partners are expected to reap 19.1X and 14.4X, respectively.
Financial Performance
For FY25, Urban Company reported a 38% rise in operating revenue to ₹1,144 crore, alongside a profit before tax (PBT) of ₹28.5 crore—a notable shift toward profitability in the consumer-tech sector.
Market Watch
Urban Company’s IPO is among the most anticipated listings in 2025, signaling investor appetite for tech-enabled consumer platforms that balance growth with profitability. Its anchor book reflects both global and domestic faith in India’s long-term services economy.
Final Take: With strong anchor participation and proven unit economics, Urban Company’s IPO is set to test public market appetite for consumer-tech ventures riding India’s services boom.
Stay updated with StartupByDoc for deeper insights into India’s most awaited IPOs and startup funding stories.