Urban Company approves ₹2,500 crore fundraise
By Abha Lohia ·
Urban Company: revenue and funding and every story →
- Urban Company runs a home services marketplace and is building an instant-help line called InstaHelp
- Its board cleared raising up to ₹2,500 crore via a QIP, preferential allotment or private placement, pending shareholder approval
- Second-quarter revenue rose 41% to ₹527 crore while net loss widened to ₹182.5 crore from ₹59.3 crore
What happened
- Board approved raising up to ₹2,500 crore.
- Routes include a QIP, preferential allotment and private placement.
- Q2 FY27 revenue rose 41% to ₹527 crore.
- Net loss widened to ₹182.5 crore.
Why it matters
- InstaHelp faces rising competition from Snabbit and Pronto.
- Money could fund customer acquisition and marketing.
- First-half loss reached ₹274.6 crore.
The business
- Runs a home services platform.
- InstaHelp offers instant domestic help.
- Listed on Indian stock exchanges.
The founders
In numbers
₹527 CrQ2 revenue · Q2 FY27
₹182.5 CrQ2 net loss · Q2 FY27
₹1,065.6 CrH1 revenue · H1 FY27
What happens next
- Shareholder approval and final terms.
Up against
SnabbitPronto
Words to know
- QIP
- Qualified institutional placement, where a listed firm sells shares to large institutions.
Terms in this story
- Marketplace: A marketplace is a platform that connects buyers with sellers and earns money from the transactions between them, without owning the goods or services itself. Its value grows as more people on both sides join.
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