An urban company providing home services is bringing up a Rs 3,000 crore IPO. According to media reports, this company has sought permission to bring up the IPO.
An urban company providing home services is bringing up a Rs 3,000 crore IPO. According to media reports, this company has sought permission to bring up the IPO.
Urban Company is a home service provider operating an IT based platform. Apart from providing services like hair spa, hair cut and beautician at home service, it also provides services like servicing of AC and other household appliances at home.
The company claims that it provides services in 30 cities in India, including Saudi Arabia and Singapore. The company receives about 22 lakh orders per month for gig workers added to the service platform. Through which the company gets an income of around 1290 crore rupees.
Urban Company claims to work with 57 thousand partners. In FY 2024, these people provided approximately 2.30 crore services.
Information about its investors is provided on Urban Company's website. Late Ratan Tata was among the investors of this company. Apart from this, Tiger Global, Think Investment, ACCEL Partner, VY Capital, Elevation are also investors in the company.
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