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Business · Updated 16 Oct, 05:27 pm IST

Urban Company board approves plan to raise up to ₹2,500 crore

Image: ET Tech

Why it matters for readers: It explains why a popular home-services app is seeking more funds to expand and stay competitive.

  • Urban Company’s board approved a proposal to raise up to ₹2,500 crore through equity, debt or convertible instruments, including possible QIPs.12
  • The company had ₹1,901 crore in cash as of September 30 and its businesses excluding InstaHelp generated ₹119 crore in adjusted EBITDA over the past nine months.1
  • Urban Company said the raise is intended to provide flexibility to invest in its India Core, International and Native businesses, to support InstaHelp, and to pursue selective inorganic opportunities.12
  • The fundraise comes while InstaHelp faces competition and the prospect of a cash-burn battle from rivals such as Snabbit and Pronto.2
  • Urban Company went public in September 2025, raising ₹472 crore in its IPO.1
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How this story developed

  1. 16 Oct, 04:21 pm · ET Tech

    Urban Company board approves plan to raise Rs 2,500 crore via QIP

  2. 16 Oct, 05:27 pm · Inc42

    Urban Company Board Clears Plans To Raise Up To ₹2,500 Cr