🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Early investors Accel, Elevation Capital eye big returns from Urban Company IPO - The Economic Times

Economic Times

Economic Times · 2d ago

Early investors Accel, Elevation Capital eye big returns from Urban Company IPO - The Economic Times

Urban Company’s IPO, launching on September 10, is expected to yield significant returns for early investors. Accel, Elevation Capital, and Bessemer Venture Partners anticipate returns of 29X, 19X, and 14X, respectively. The IPO values the company at Rs 15,000 crore, with major stakeholders selling shares via the offer-for-sale route. The Gurugram-based platform, offering beauty and home service solutions, turned profitable in FY25, reporting a net profit of Rs 240 crore.

Related News

SBI Mutual Fund, Permira, Other Investors Eye ₹450 Cr Slice of Urban Company Before IPO – Outlook Business

OutlookIndia

OutlookIndia · 26d ago

SBI Mutual Fund, Permira, Other Investors Eye ₹450 Cr Slice of Urban Company Before IPO – Outlook Business

SBI Mutual Fund, Permira, and other investors are in advanced talks to acquire ₹450 crore worth of Urban Company shares through secondary transactions from early investors like Accel, Bessemer Venture Partners, Tiger Global, and Elevation Capital. These stake sales are expected to occur soon ahead of Urban Company’s IPO. Urban Company, which reported a ₹239.8 crore profit in FY25, plans to raise ₹1,900 crore through its IPO for various business enhancements.

Swiggy IPO: Accel, Elevation Capital see over 3300% gain, Prosus likely to get Rs 4,254 Cr

YourStory

YourStory · 10m ago

Swiggy IPO: Accel, Elevation Capital see over 3300% gain, Prosus likely to get Rs 4,254 Cr

Indian food delivery platform Swiggy has set the price range of its initial public offering (IPO) at ₹371-390 ($4.98-$5.24). The IPO will be open for bidding from 6 to 8 November, and early investors including Accel and Elevation Capital are set to make significant gains. Accel will see a return of 3,391% on its investment, while Elevation Capital will gain 3,309%, based on the upper end of the IPO price. Swiggy plans to raise ₹44.99bn ($600m) in fresh capital through the issuance of new shares.

Urban Company takes valuation knock ahead of IPO; Accel, Elevation, Bessemer set for windfall

VCCircle

VCCircle · 4m ago

Urban Company takes valuation knock ahead of IPO; Accel, Elevation, Bessemer set for windfall

Urban Company, a tech platform linking consumers with home services, is preparing for an initial public offering (IPO), leading to a valuation decrease. Notably, investors Accel, Elevation, and Bessemer are expected to benefit significantly. Established by founders Varun Khaitan, Raghav Chandra, and Abhiraj Bhal, the company features several venture capital firms among its investors. The IPO will facilitate partial exits for five of its key backers as part of the offer for sale.

Urban Company files draft papers to raise Rs 1,900 Cr in IPO; to boost cloud infra

YourStory

YourStory · 4m ago

Urban Company files draft papers to raise Rs 1,900 Cr in IPO; to boost cloud infra

Urban Company, an on-demand services platform, is targeting a Rs 1,900 crore raise through its IPO, according to its draft red herring prospectus. The IPO includes a fresh issue of Rs 429 crore and an offer-for-sale component worth Rs 1,471 crore from investors like Accel India and Elevation Capital. Proceeds will fund technology and cloud infrastructure development. The company reported Rs 828 crore revenue in FY24, up 30% from FY23, with reduced losses.

Urban Company’s early backers Steadview, Elevation, Accel to sell partial stake

Livemint

Livemint · 11m ago

Urban Company’s early backers Steadview, Elevation, Accel to sell partial stake

Investors in Urban Company, including Steadview Capital, Elevation Capital, and Accel, are planning to sell their stake in the home services platform. The move is expected to generate a combined liquidity of $100-150 million for the venture capital firms. This secondary sale will occur at a valuation lower than the estimated worth of Urban Company, which is valued at $2.6 billion. The sale is part of a larger restructuring of Urban Company's capitalization table in preparation for its planned public listing within the next year.

Urban Company DRHP: To raise Rs 1,900 Cr via primary issue and OFS

Entrackr

Entrackr · 4m ago

Urban Company DRHP: To raise Rs 1,900 Cr via primary issue and OFS

Home services marketplace Urban Company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Monday. The IPO includes a fresh issue of equity shares worth Rs 429 crore (approximately $50 million) and an offer for sale (OFS) of equity shares amounting to Rs 1,471 crore, as per the DRHP. As part of the offer for sale, Accel India will offload shares worth Rs 433 crore, while Elevation Capital and Tiger Global will sell shares valued at Rs 346 crore and Rs 303 crore, respectively. VY Capital and Bessemer will divest shares worth Rs 216 crore and Rs 173 crore through the IPO. According to the DRHP, Elevation Capital is the largest external shareholder with 10.84%, followed by Accel India and VY Capital, which hold 10.5% and 9.18%, respectively. Steadview and Prosus each own 6.80%, while Bessemer and Tiger Global command 6.46% and 4.73% stakes, respectively. The firm’s co-founders — Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra — collectively own 20.01%, divided equally among the three. Urban Company plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be managed by Kotak Mahindra, Morgan Stanley, Goldman Sachs, and JM Financial, who are acting as the book-running lead managers. Importantly, as an early-stage investor, Accel is set to secure a significantly larger exit than any other investor in Urban Company. Its exit value will be 16.6 times higher than Tiger Global’s, 5.6 times higher than VY Capital’s, and 97% higher than Bessemer India’s. Elevation Capital, which also invested in Urban Company during its early years, is expected to achieve a lucrative exit as well. According to the company, the net proceeds from the fresh issue will be utilized for the new technology, cloud infrastructure, lease payments, marketing, and other general corporate purposes. In the first nine months of FY25, the company posted revenue of Rs 846 crore and a restated profit of Rs 24.25 crore. For the full fiscal year ended March 2024, it reported revenue of Rs 828 crore and a loss of Rs 92.7 crore.

Swiggy IPO’s anchor investment bids to open tomorrow

YourStory

YourStory · 10m ago

Swiggy IPO’s anchor investment bids to open tomorrow

Swiggy, the food delivery player, is set to launch its initial public offering (IPO) with the bidding process scheduled to begin on November 6. The company aims to achieve a valuation of Rs 87,000 crore ($11.3 billion) and plans to list on domestic stock exchanges by November 13, 2024. Swiggy is looking to raise Rs 4,499 crore through the issuance of fresh shares, while existing shareholders, including early investors like Accel and Elevation Capital, will also sell around 175 million shares. Accel and Prosus are expected to realize significant gains from their investments.

EXCLUSIVE: Prosus to double down on Urban Company with $30M investment

YourStory

YourStory · 11m ago

EXCLUSIVE: Prosus to double down on Urban Company with $30M investment

- Prosus, a major technology investor, plans to double its investment in home services platform Urban Company ahead of the startup's anticipated public listing next year. - Prosus will invest around $30 million in an all-secondary transaction at a flat $2.6 billion valuation, giving a partial exit to Bessemer Venture Partners. - Accel Partners and Elevation Capital, early backers of Urban Company, have put their plans for further stake sales on hold and will await the company's IPO next year. - Prosus' decision to increase its stake in Urban Company follows a substantial gain from its investment in Swiggy, another successful Indian startup. - Prosus is diversifying its stake beyond tech investments, with recent investments in Vastu Housing Finance and plans to invest in Bluestone, a jewellery platform. - Urban Company, founded by Abhiraj Bhal, Raghav Chandra, and Varun Khaitan, last raised funding in 2021 and has initiated conversations with investment banks for an IPO.

Prosus manages $6.5 billion in Indian tech assets, eyes more IPO exits - The Economic Times

Economic Times

Economic Times · 2m ago

Prosus manages $6.5 billion in Indian tech assets, eyes more IPO exits - The Economic Times

Dutch investor Prosus manages $6.5 billion across over 30 Indian companies, with investments totaling $8.6 billion. The loosely coupled portfolio includes Meesho, Swiggy, and Urban Company, allowing mutual synergies. Successful investments like MakeMyTrip and Flipkart have resulted in $4 billion in cash returns. Prosus sees further growth with prospective IPOs, including Urban Company and BlueStone, enhancing returns. Swiggy's IPO alone yielded $500 million for Prosus, which still holds a significant stake in the company.

Urban Company Founders, Early Investors Offload Shares Ahead of IPO

OutlookIndia

OutlookIndia · 4m ago

Urban Company Founders, Early Investors Offload Shares Ahead of IPO

Urban Company's founders have sold shares worth Rs 779 crore in secondary transactions to existing investors as the company prepares for its IPO. Cofounders Abhiraj Bhal, Varun Khaitan, and Raghav Chandra sold Rs 259 crore in shares each, retaining a 6.67% stake individually. Investors like Prosus Ventures and Swiggy cofounder Sriharsha Majety purchased these shares. Additionally, early backers like Accel India and Tiger Global have offloaded shares ahead of Urban Company's public listing.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.