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Urban Company gets shareholder nod to raise Rs 528 crore in fresh capital via IPO: Report

  • Home-services marketplace Urban Company has received shareholder approval to raise up to Rs 528 crore in the IPO.
  • Earlier plans to raise about Rs 3,000 crore were scaled down due to market conditions and global trade concerns.
  • Bankers Kotak Mahindra Capital, Goldman Sachs, and Morgan Stanley are advising on the IPO.
  • Urban Company, previously Urbancalp Technologies, operates in over 60 cities and has reported operating revenue of Rs 827 crore.

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