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SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr

EntrackrEntrackr · 3d ago
SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr
Medial

SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr SBI Mutual Fund picked up an additional 4% stake in Urban Company through bulk and block deals on Tuesday worth Rs 632 crore across the NSE and BSE, which led the company’s shares to soar over 16%. According to bulk and block deal data, SBI Mutual Fund purchased 3.51 crore shares at Rs 109.85 apiece on the NSE and 2.25 crore shares at Rs 109.83 per share on the BSE, which together amounted to around Rs 632 crore. On the selling side, Wellington Hadley Harbor AIV Master Investors, DF International Partners, and ABG Capital offloaded a combined 4.6% stake worth Rs 734 crore, with ABG Capital selling 1.74 crore shares for Rs 191.2 crore, DF International Partners exiting via sale of 1.77 crore shares worth Rs 193.9 crore, and Wellington Hadley Harbor AIV Master Investors (Cayman) III divesting a 2.2% stake through multiple transactions worth Rs 349.2 crore. SBI Mutual Fund held a 1.89% stake in Urban Company as of December 2025, which rose to around 5.9% after the bulk purchases. In Q3 FY26, Urban Company reported a consolidated net loss of Rs 21 crore and an adjusted EBITDA loss of Rs 17 crore, largely due to heavy investment in its InstaHelp vertical, which crossed 50,000 daily bookings within a year of its pilot launch in March 2025. Urban Company’s share is trading at Rs 127.7 per share as of 2:22 PM (today), with a market capitalization of Rs 18,657 crore (around $2 billion).

Oyo raises $65 Mn from Ritesh Agarwal’s Redsprig Innovation

EntrackrEntrackr · 1y ago
Oyo raises $65 Mn from Ritesh Agarwal’s Redsprig Innovation
Medial

Oyo raises $65 Mn from Ritesh Agarwal’s Redsprig Innovation Hospitality major Oyo has raised Rs 550 crore (approximately $65 million) from Redsprig Innovation Partners, an affiliate entity of the company’s founder Ritesh Agarwal. The board at Oyo has passed a special resolution to issue 12,91,07,982 equity shares at an issue price of Rs 42.6 each to raise Rs 550 crore or $65 million, its regulatory filing accessed from the Registrar of Companies shows. After the recent funding injection, the company's valuation rose to $3.79 billion, reflecting a 59.2% increase from Oyo's previous Series G round, when the firm was valued at $2.38 billion. As per the filings, the company plans to use these funds for growth, supporting global expansion (including acquisitions), strengthening business strategies, and other corporate initiatives. The funding will also result in a 1.728% dilution of the company's total stake. This is the second major capital infusion by Agarwal in Oyo. In August 2024, he led a $175 million round through his Singapore-based fund, Patient Capital. Last month, a CNBC TV18 report suggested that Nuvama Wealth & Investment Limited (formerly Edelweiss Securities) purchased shares worth Rs 100 crore in Oyo’s parent Oravel Stays Limited. During FY24, IPO-bound Oyo posted a flat scale which stood at Rs 5,389 crore, as compared to Rs 5,464 crore in FY23. Despite the stagnant revenue, the company managed to control its expenditure by 16% which resulted in Oyo posting a net profit after tax (PAT) of Rs 230 crore in the last fiscal (FY24). In May, the Gurugram-based company withdrew its draft papers (DRHP) for the second time due to unfavorable conditions. The firm also said that it will refile the IPO papers after concluding a large funding round, which is about to close after the latest fundraises.

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