Urban Company Files for ₹1,900 Crore IPO to Accelerate Growth and Innovation
New Delhi, April 2025 —
Urban Company, India’s leading home services marketplace, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹1,900 crore through an Initial Public Offering (IPO). This strategic move will support its business expansion, technology upgrades, and global growth ambitions.
IPO Structure and Fund Utilization- Urban Company IPO 2025
The IPO includes a fresh issue of shares and an Offer for Sale (OFS) by early investors. Urban Company plans to use the fresh capital to:
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Expand its services to new cities in India and global markets.
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Invest in advanced technology, including AI and automation.
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Strengthen marketing and brand awareness initiatives.
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Meet working capital needs and general corporate purposes.
Growth and Market Presence
Founded in 2014, Urban Company (formerly UrbanClap) has built a strong presence in the on-demand home services sector. It offers solutions across categories such as beauty, wellness, cleaning, repair, and home maintenance. Today, the company operates in over 50 cities across India and abroad, including the UAE, Singapore, and Australia.
With a platform that connects verified service professionals to over 5 million users, Urban Company delivers convenience, quality, and reliability through its tech-enabled ecosystem.
Financial Track Record and Investor Support
Urban Company has posted steady revenue growth, driven by an increase in repeat usage and customer trust. So far, it has raised over $445 million from notable investors including Prosus Ventures, Tiger Global, Vy Capital, Steadview Capital, and Bessemer Venture Partners.
This IPO will provide partial exits to some early backers while injecting fresh funds into the company’s future roadmap.
Disclaimer:
This article is intended for informational purposes only. It does not constitute investment advice or a recommendation to invest in any financial instruments.