Stake sale · Professional & Local Services

SBI Mutual Fund buys stake in Urban Company

By Startup Enthusiast · 18 March 2026

What they do

Urban Company provides home maintenance and beauty services to customers across India

SBI Mutual Fund acquired a 4% stake worth ~₹632 Cr from exiting investors on March 17, 2026

The deal coincided with the expiry of lock-in periods for pre-IPO shares held by early backers

SBI Mutual Fund purchased an additional 4% equity stake in Urban Company via block deals.
The transaction was valued at approximately ₹632 Cr and occurred on March 17, 2026.
Shares traded at roughly ₹109.85 per share during these bulk transactions.
Three previous investors exited their holdings: Wellington Hadley Harbor, DF International Partners, and ABG Capital.
These sellers offloaded a combined 4.6% stake worth ₹734.4 Cr in total.
The stock price closed at ₹121.20, reflecting a 10.33% gain on the day.
Market capitalization reached ₹17,788 Cr ($1.92 Bn) at the close of trading.
This sale happened as 66% of pre-IPO locked shares became tradable on the same date.

The exit of major early investors signals a shift in ownership structure post-lock-in expiry.
SBI Mutual Fund increased its holding from 1.89% to approximately 5.9%.
The event highlights significant liquidity availability for early-stage venture capital funds in the sector.

Urban Company operates a leading platform for home maintenance and beauty services.
It holds an estimated 65% market share in the Indian home services segment.
Key offerings include wellness services and its product InstaHelp for quick housekeeping.
InstaHelp crossed 50,000 daily bookings within one year of its pilot launch in March 2025.
The company serves over 12 million customers globally according to its website.
Financial results for Q3 FY26 showed operating revenue of ₹382.7 Cr, up 33% year-on-year.
The company reported a net loss of ₹21.3 Cr, improving significantly from ₹59.3 Cr in the previous quarter.
Losses were trimmed by 64% sequentially, indicating progress toward operational efficiency.
Competitors like Snabbit and Pronto are also active in the instant home services space.

Type: secondary sale (existing shareholders sell their shares; no new money reaches the company)

SBI Mutual Fund (buyer) — A mutual fund arm of State Bank of India.
Wellington Hadley Harbor AIV Master Investors (seller) — An investment vehicle that sold a 2.2% stake worth ₹349.2 Cr.
DF International Partners II LLC (seller) — Exited by selling 1.77 Cr shares for ₹193.9 Cr.
ABG Capital (seller) — Sold 1.74 Cr shares for ₹191.2 Cr, exiting its 1.36% holding.