Here’s how Urban Company plans to use its IPO proceeds

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At-home services provider Urban Company data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/urban-company-files-draft-papers-for-223-million-ipo/articleshow/120701894.cms” data-type=”tilCustomLink” target=”_blank”>plans to list on Indian stock exchanges and raise Rs 1,900 crore. Proceeds from the maiden offer will go into developing new technology, building cloud infrastructure, leasing offices, and marketing purposes, according to the draft papers filed with the markets regulator.The Urban Company initial public offering (IPO) consists of a fresh issue of shares worth Rs 429 crore and offer for sale by existing shareholders of Rs 1,471 crore, the draft red herring prospectus (DRHP) shows. rel=”dofollow” href=”https://economictimes.indiatimes.com/accel-ltd/stocks/companyid-8903.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Accel, Tiger Global, Elevation…



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Here’s how Urban Company plans to use its IPO proceeds


At-home services provider Urban Company data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/urban-company-files-draft-papers-for-223-million-ipo/articleshow/120701894.cms” data-type=”tilCustomLink” target=”_blank”>plans to list on Indian stock exchanges and raise Rs 1,900 crore. Proceeds from the maiden offer will go into developing new technology, building cloud infrastructure, leasing offices, and marketing purposes, according to the draft papers filed with the markets regulator.The Urban Company initial public offering (IPO) consists of a fresh issue of shares worth Rs 429 crore and offer for sale by existing shareholders of Rs 1,471 crore, the draft red herring prospectus (DRHP) shows. rel=”dofollow” href=”https://economictimes.indiatimes.com/accel-ltd/stocks/companyid-8903.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Accel, Tiger Global, Elevation…



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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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