Urban Company, India’s leading tech-enabled platform for at-home beauty and home care services, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The approval, granted on August 29, 2025, clears the way for the Gurugram-based startup to raise ₹1,900 crore through a combination of fresh equity and an offer for sale (OFS) by existing investors.
According to the draft red herring prospectus filed in April, the IPO will comprise a fresh issue of ₹429 crore and an OFS worth ₹1,471 crore. Early backers including Accel India, Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte Ltd, and VYC11 Ltd are expected to partially exit through the OFS component.
Urban Company, formerly known as UrbanClap, plans to utilize the primary proceeds to strengthen its platform capabilities, expand its technology infrastructure, enhance brand visibility, and support office expansion both in India and overseas. A pre-IPO placement of up to ₹85.8 crore may also be considered, which would proportionately reduce the size of the fresh issue.
The company has demonstrated strong financial performance in recent years. Revenue from operations rose 38% year-on-year to ₹1,144 crore in FY25, while net profit reached ₹242.3 crore, marking a turnaround from losses in previous fiscal years.
Urban Company’s IPO approval comes amid a surge in primary market activity, with SEBI clearing 13 IPOs in August alone. The move reflects growing investor appetite for consumer-tech platforms and signals renewed confidence in India’s startup ecosystem.
The IPO will be managed by Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs (India) Securities, and JM Financial. Market observers expect the offering to attract strong interest from institutional and retail investors, given Urban Company’s brand strength, operational scale, and profitability trajectory.
