Urban Company Set to Raise ₹1,900 Crore Through Public Offering
Sets IPO Price Band at ₹98-₹103 Per Share and aims to Fuel Growth and Tech Investments
Urban Company, India’s leading home services marketplace, is gearing up to raise ₹1,900 crore through its Initial Public Offering (IPO), a key milestone as it prepares to go public. The offering includes a fresh issue of ₹472 crore and an offer for sale (OFS) of ₹1,428 crore by existing investors such as Accel, Bessemer, and Elevation Capital.
The company has set the IPO price band between ₹98 and ₹103 per share. The public subscription will open on September 10 and close on September 12, 2025, with anchor investors able to bid a day earlier. Retail investors can apply for a minimum of 145 shares, while eligible employees receive a ₹9 per share discount.
Funds raised from the fresh issue will primarily support technology and infrastructure upgrades, with ₹190 crore allocated for technology and cloud development. Additionally, ₹75 crore will go toward leased office spaces and ₹90 crore for marketing and customer acquisition. The rest will be used for general corporate expenses.
Urban Company has shown strong financial progress, with revenue increasing 38% to ₹1,144.5 crore in FY25, up from ₹828 crore the previous year. The company posted a pre-tax profit of ₹28.8 crore, a sharp turnaround from a ₹92.7 crore loss in FY24. Including a ₹211 crore deferred tax credit, net profit stood at ₹240 crore.
Its revenue mix highlights ₹881 crore from India, ₹147 crore from international markets across the UAE and Singapore, and ₹116 crore from product sales under its “Native” brand, which includes smart locks and water purifiers.
Operating in 51 cities, Urban Company serves 6.8 million transacting users and engages around 48,000 service professionals monthly. Leveraging AI-driven technology, it boasts strong customer loyalty with 82% of transaction value from repeat users and maintains an average customer rating of 4.81 out of 5.
The company also empowers its gig workforce, with full-time professionals earning an average of ₹49,066 per month, often exceeding entry-level IT salaries, positioning skilled gig work as a respected career path.