Early investors Accel, Elevation Capital eye big multiples from Urban Company IPO

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Urban Company’s initial public offering (IPO) is set to deliver significant returns for its early backers, with multiples ranging from double-digit to high single-digit returns.

The Gurugram-based home services platform, which has set a price band of Rs 98-103 per share, will open its Rs 1,900-crore public issue on September 10, valuing the company at around Rs 15,000 crore ($1.7 billion) at the upper end.

Accel India, one of the company’s earliest institutional investors, stands to gain a 29X multiple on its investment, while Elevation Capital



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Early investors Accel, Elevation Capital eye big multiples from Urban Company IPO



Urban Company’s initial public offering (IPO) is set to deliver significant returns for its early backers, with multiples ranging from double-digit to high single-digit returns.

The Gurugram-based home services platform, which has set a price band of Rs 98-103 per share, will open its Rs 1,900-crore public issue on September 10, valuing the company at around Rs 15,000 crore ($1.7 billion) at the upper end.

Accel India, one of the company’s earliest institutional investors, stands to gain a 29X multiple on its investment, while Elevation Capital



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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