Urban Company files for IPO to raise up to ₹1,900 crore, aiming for tech growth and expansion.

Urban Company, a home and beauty services platform, has filed for an IPO to raise up to ₹1,900 crore. The offering includes a fresh share issue worth ₹429 crore and a stake sale by existing investors. More than half of the proceeds will go towards tech development and cloud infrastructure, with the rest for office leases and marketing. The company, operating in 59 cities across India, UAE, and Saudi Arabia, turned profitable in the last financial year, reporting a pre-tax profit of ₹27 crore. Lead bookrunners for the IPO include Kotak Mahindra, Morgan Stanley, Goldman Sachs, and JM Financial.