SBI Mutual Fund, Permira, Other Investors Eye ₹450 Cr Slice of Urban Company Before IPO
11 August 2025
SBI Mutual Fund, global tech investor Permira, and a few others are reportedly in advanced talks with early backers of IPO-bound Urban Company to acquire shares worth about ₹450 crore through secondary deals, according to a report published by MoneyControl.
The transactions are expected to take place in the coming weeks. In addition, early investors in Urban Company, including Accel, Bessemer Venture Partners, Tiger Global, Elevation Capital, and others will sell their shares to large investors ahead of the IPO (initial public offering) launch due this year.
The Gurugram-based company filed its draft red herring prospectus (DRHP) in April. The IPO will be a mix of fresh share issue worth ₹429 crore and an offer for sale of shares valued at about ₹1,471 crore.
The ongoing transactions are secondary in nature, which means that the shares will change hands between investors, with no proceeds going to Urban Company itself. Currently, Urban Company is valued at $1.8 billion (₹15,500 crore).
SBI Mutual Fund, global tech investor Permira, and a few others are reportedly in advanced talks with early backers of IPO-bound Urban Company to acquire shares worth about ₹450 crore through secondary deals, according to a report published by MoneyControl.
The transactions are expected to take place in the coming weeks. In addition, early investors in Urban Company, including Accel, Bessemer Venture Partners, Tiger Global, Elevation Capital, and others will sell their shares to large investors ahead of the IPO (initial public offering) launch due this year.
The Gurugram-based company filed its draft red herring prospectus (DRHP) in April. The IPO will be a mix of fresh share issue worth ₹429 crore and an offer for sale of shares valued at about ₹1,471 crore.
The ongoing transactions are secondary in nature, which means that the shares will change hands between investors, with no proceeds going to Urban Company itself. Currently, Urban Company is valued at $1.8 billion (₹15,500 crore).
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