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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Technology development and cloud infrastructure
Investment in the company's engineering platform and in cloud hosting capacity that supports the app, the booking engine and the professional facing systems.
Lease payments for offices
Funding a portion of the lease rentals payable on the company's office premises.
Marketing and brand building
Spending on marketing to attract new customers, drive repeat bookings and strengthen brand recall in existing and new cities.
General corporate purposes
The balance of the fresh proceeds, applied to general corporate purposes at the board's discretion.
(₹ in Crore)
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Urban Company Limited, incorporated in December 2014 and formerly known as UrbanClap Technologies India Limited, runs a technology platform that connects households with vetted professionals for services delivered at home. Customers use its app or website to book work such as cleaning, plumbing, electrical repair, appliance servicing, painting, salon treatments and massage therapy, at a published price and a chosen time slot. The company positions itself as a full stack marketplace rather than a simple listings directory: it trains the professionals, supplies them with tools and consumables, standardizes how each job is performed, and handles pricing, payments and after service support centrally. As of mid 2025 the platform operated across roughly 51 to 59 cities spanning India, the United Arab Emirates, Singapore and Saudi Arabia, and served more than 12,000 service micro markets. In the June 2025 quarter it worked with an average of about 54,347 monthly active service professionals, counting anyone who completed at least one job in a given month. Alongside the services business the company sells its own branded home products under the Native label, including water purifiers and electronic door locks, which extends the relationship with a household beyond one off bookings. Revenue grew from roughly Rs 726 crore in FY2023 to about Rs 1,261 crore in FY2025, and the company moved from sizeable losses in FY2023 and FY2024 to a reported profit in FY2025. Its economic model rests on taking a commission on each completed job while investing in professional supply, brand recall and repeat usage; growth therefore depends on adding cities, deepening usage within existing ones and building out the products line. The business is backed by institutional investors including Accel, Bessemer Venture Partners, Elevation Capital and Tiger Global, and it competes for both customer demand and professional supply in a market where organized, guaranteed price home services are still displacing informal local providers.
Urban Company raised about Rs 854 crore from anchor investors on 9 September 2025, allotting 8,29,00,485 shares at the upper band price of Rs 103 apiece to 59 funds, including 13 mutual funds across 29 schemes. The anchor book included Government Pension Fund Global, Nomura Funds Ireland, Fidelity Funds, Florida Retirement System, Allspring Global Investments, Theleme India Master Fund and Amundi Funds New Silk Road on the foreign side, alongside domestic institutions such as Nippon India Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, UTI, Sundaram Mutual Fund, Bajaj Allianz, SBI Life Insurance and ICICI Prudential Life Insurance. The three largest allocations, to Government Pension Fund Global, Nippon India and Nomura Funds, were each close to 4.2 per cent of the anchor portion.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 6:07 PM
Recognized brand in a fragmented market
Urban Company is among the best known organized home and beauty services platforms in India, in a category still dominated by informal local providers. That recall helps it win first time bookings without paying for every customer.
Full stack control over service quality
The company trains and equips the professionals on its platform rather than merely listing them, which lets it standardize how a job is done and hold a consistent quality bar across cities.
Upfront and transparent pricing
Prices are published before booking rather than negotiated at the doorstep, which removes a common friction point for households and supports repeat use.
Model that transfers to new cities
The same playbook of recruiting, training and supplying professionals has been applied across Indian cities and in the UAE, Singapore and Saudi Arabia, giving the business a route to expand without rebuilding it each time.
Turn to profitability with growing revenue
Revenue rose from about Rs 726 crore in FY2023 to roughly Rs 1,261 crore in FY2025, and the company reported a profit in FY2025 after losses in the two preceding years.
Own products extend the household relationship
The Native range of water purifiers and electronic door locks lets the company earn from a customer beyond a single service booking and builds a second revenue line.
Dependence on gig professionals
Service delivery rests on a large pool of independent professionals whom the company does not employ. Attrition, availability and inconsistent execution feed directly into both margins and customer experience.
Unsettled gig economy regulation
Rules on worker classification, social security and benefits for platform workers are still evolving in India and abroad. Tighter requirements would raise the cost of supply and reduce operating flexibility.
Worker welfare scrutiny
Pay levels, working conditions and grievance handling for platform professionals attract regular public and regulatory attention, and disputes in this area can force costly changes to the model.
Urban Company Limited
Unit No. 8, Ground Floor, Rectangle 1, D-4 Saket District Centre, New Delhi, 110017
View on Maps →MUFG Intime India Private Limited
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Brand is the main asset and is fragile
Customers hand over access to their homes, so a safety incident or a run of poor service can damage trust quickly. Negative publicity would hit demand faster than in most consumer businesses.
Profitability is thin and recently established
The FY2025 profit follows two loss making years and rests on a modest margin, so the earnings base is not yet proven across a full cycle.
Demand concentrated in large cities
Bookings are weighted towards metros and larger urban centres, and the economics of extending into smaller cities, where willingness to pay is lower, are unproven.
Mostly a secondary offering
Only Rs 472 crore of the Rs 1,900 crore issue is fresh capital for the company. The remainder went to selling shareholders and did not fund the business.
Data and security exposure
The platform holds customer addresses, contact details and payment information, so a privacy or security breach would carry both regulatory and reputational cost.