Urban Company raises Rs 854 crore from anchor investors ahead of IPO
At-home services platform Urban Company has raised Rs 854 crore from anchor investors including Singapore’s sovereign wealth fund GIC, Fidelity, Norges Bank and others.
The Gurugram-based company will launch its Rs 1,900-crore initial public offering (IPO) on September 10. This includes Rs 472 crore in fresh issue and Rs 1,428 crore in offer for sale by investors Accel, Elevation Capital, Tiger Global, Vy Capital and Bessemer Venture Partners.
