Tiger Global-backed Urban Company files draft papers for $223 million IPO

India’s Tiger Global-backed Urban Company filed for an initial public offering of 19 billion Indian rupees ($223 million), its draft papers released on Monday showed.

Urban Company, which provides mobile app-based beauty and home care services, will raise up to 4.29 billion rupees by selling new shares, while existing investors plan to offload stock worth Rs 14.71 billion.