Urban Company, India’s leading home services marketplace, has officially set the stage for its much-awaited IPO. The Gurugram-based startup raised ₹853.87 crore ($97 million) from anchor investors just days before opening subscriptions for its ₹1,900 crore initial public offering (IPO).
The IPO will be open for bidding from September 10 to September 12, 2025, with a price band of ₹98–103 per share and a minimum lot size of 145 equity shares.
IPO Structure at a Glance
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Total Issue Size: ₹1,900 crore
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Fresh issue: ₹429 crore
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Offer-for-Sale (OFS): ₹1,471 crore by existing investors
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Anchor Placement: 8.29 crore equity shares allotted at ₹103 per share
This structure balances fresh capital infusion for business growth with partial exits for long-term investors.
Global & Domestic Investor Confidence
Urban Company’s anchor book drew strong interest from top global names including Goldman Sachs, Dragoneer Investments, Norges Bank, GIC, Nomura, Amundi Funds, Steadview Capital, and WhiteOak.
On the domestic side, 13 Indian mutual funds through 29 schemes—such as SBI, HDFC, ICICI Prudential, Nippon, and UTI—together received 36.96% of the allocation, signaling strong confidence in the company’s future.
Lucrative Exits for Early Investors
The IPO is also turning into a massive payday for early backers:
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Accel (10.51% stake): set to make 28.5X returns
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Elevation Capital (10.84% stake): expected to clock 19.1X returns
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Bessemer Venture Partners: looking at 14.4X returns
Such numbers highlight how India’s growing startup ecosystem is delivering high-value outcomes for venture capital investors.
Urban Company’s Growth Story
Founded to simplify on-demand home services, Urban Company has become a household name in categories like beauty, cleaning, appliance repair, and home maintenance.
For the financial year ending March 2025 (FY25), the company reported:
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38% year-on-year growth in operating revenue, reaching ₹1,144 crore
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Profit before tax (PBT): ₹28.5 crore
Reaching profitability while scaling revenues is a major achievement, especially in the consumer-tech space where many players continue to burn cash.
What This Means for the Market
Urban Company’s IPO is more than just a fundraising milestone—it signals maturity in India’s home services sector. The strong response from both global and domestic investors reflects confidence in the company’s long-term growth and the broader Indian consumer-tech story.
As the IPO opens for public subscription, the focus will be on investor sentiment and whether Urban Company delivers one of the most successful listings of 2025.
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