What is Urban Company's IPO size?

Urban Company's upcoming IPO is expected to raise $260 million, with $63 million in fresh shares and $197 million from existing investors selling stakes.

How much did Urban Company raise from anchor investors?

Urban Company garnered $115 million from anchor investors, including prominent domestic and foreign institutions, ahead of its IPO.

What will Urban Company use the IPO funds for?

The company plans to utilize the IPO proceeds for technology development, strengthening cloud infrastructure, lease payments, marketing activities, and general corporate purposes.

Home / Business and Economy / Urban Company Raises $115M from Anchor Investors Before $260M IPO

Urban Company Raises $115M from Anchor Investors Before $260M IPO

10 Sep

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Summary

Urban Company garnered $115M from anchor investors
IPO to raise $260M, with $63M in fresh shares and $197M from existing investors
Funds to be used for technology, infrastructure, and marketing

Urban Company Raises $115M from Anchor Investors Before $260M IPO

On September 9, 2025, Urban Company, a leading app-based beauty and home services platform, has raised $115 million from a host of domestic and foreign institutional investors in an anchor round ahead of its upcoming initial public offering (IPO). The company's $260 million IPO is set to open for public subscription from September 10-12, with a price band of $13-$14 per share.

The anchor investors include prominent names such as Government Pension Fund Global, Nomura Funds Ireland Public Limited Company, Fidelity Funds, and several Indian mutual funds. The company has allocated over 8 million equity shares at $14 per share to these anchor investors, securing the $115 million in funding.

Urban Company plans to raise $63 million through the fresh issuance of shares, while existing investors will sell stakes worth $197 million. The funds will be utilized for developing new technologies, strengthening cloud infrastructure, lease payments, marketing activities, and general corporate purposes.

The Gurugram-based company operates a technology-driven, full-stack online marketplace for various home and beauty services, including cleaning, pest control, electrician, plumbing, and beauty treatments. It currently has a presence in India, the United Arab Emirates, Singapore, and Saudi Arabia.

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