Urban Company Board Clears Plan to Raise up to ₹2,500 Cr

16 Oct 2026, 5:27 pm · 5h ago · 1 min read · Inc42

Amount

₹2,500 Cr

Urban Company’s board of directors has approved a proposal to raise up to ₹2,500 crore through equity shares, warrants, convertible debentures, or qualified institutional placements across one or more tranches. The capital infusion will provide the company financial flexibility to support its core business lines, expand its quick home services vertical InstaHelp, and explore selective inorganic acquisitions. The fundraise comes amid rising competition from rivals like Snabbit and Pronto. For Q2 FY27, Urban Company's revenue grew 41% year-on-year to ₹537.29 crore, while net loss widened threefold to ₹182.5 crore due to heavy growth investments.