Urban Company Rings IPO Bell: Tech Upgrades, Cloud Power, and a Marketing Blitz on the Horizon

Urban Company, the Tiger Global-held home and beauty services platform, has submitted preliminary documents for a ₹1,900 crore initial public offering (IPO) today. The IPO will see a fresh equity issue of ₹429 crore and an offer for sale (OFS) worth ₹1,471 crore by existing investors. Prominent investors such as Accel India and Elevation Capital are among those selling.

 

The company plans to use over half of the net proceeds of the new issue to fund new technology development and cloud infrastructure. The remaining amount will be used to make lease payments for new offices and increase marketing efforts, enabling Urban Company's continued expansion in 59 Indian, UAE, and Saudi Arabian cities.

 

Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs, and JM Financial are book running lead managers for the IPO. Urban Company, that has only recently turned profitable, intends to list its shares on both the NSE and BSE. This is one of a larger number of Indian startups listing in public markets during 2025.

 

Source: Reuters