Urban Company records profit in FY25, prepares for IPO
Urban Company is heading to the stock market with a ₹1,900 crore IPO—₹429 crore as fresh shares and the rest from existing investors cashing out.
This move follows a big milestone: turning profitable in FY25 with ₹242 crore in net profit.
What does Urban Company do?
Think of Urban Company as your go-to app for home and beauty services, from cleaning to salon treatments.
They're active in 48 Indian cities and have expanded abroad to the UAE, Singapore, and Saudi Arabia (via a joint venture).
Their revenue jumped 38% last year, reaching ₹1,144.5 crore.
How will Urban Company utilize IPO proceeds?
The company plans to invest ₹190 crore in tech upgrades and cloud infrastructure, set aside ₹70 crore for office spaces, and use ₹80 crore on marketing.
After bouncing back from a loss of nearly ₹93 crore last year to profits now, Urban Company wants this IPO to fuel its next phase of growth.