With IPO On The Horizon, Urban Company Converts Into Public Entity

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SUMMARY

Urban Company’s regulatory filings, its board has approved a resolution to rename the company from “Urbancalp Technologies India Private Limited” to “Urbanclap Technologies India Limited

This comes as the company is reportedly planning to submit its draft papers for an INR 3,000 Cr IPO

Ahead of the IPO, investor Prosus is also looking to increase its stake in the company, with its plans to invest $30 Mn (about INR 252 Cr) in Urban Company

Gurugram-based home services marketplace Urban Company has taken a step…



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With IPO On The Horizon, Urban Company Converts Into Public Entity


SUMMARY

Urban Company’s regulatory filings, its board has approved a resolution to rename the company from “Urbancalp Technologies India Private Limited” to “Urbanclap Technologies India Limited

This comes as the company is reportedly planning to submit its draft papers for an INR 3,000 Cr IPO

Ahead of the IPO, investor Prosus is also looking to increase its stake in the company, with its plans to invest $30 Mn (about INR 252 Cr) in Urban Company

Gurugram-based home services marketplace Urban Company has taken a step…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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