Urban Company, a technology platform for home services in India, has been listed on the National and Bombay Stock Exchanges (NSE and BSE) at a valuation of INR 253.02 billion ($3 billion). Prosus, which has invested in Urban Company since 2021, will maintain its approximately 7% stake following the initial public offering.
The IPO is seen as an important event for India’s technology sector. It highlights Urban Company’s growth, move to profitability, and adoption of governance practices that meet global public market standards.
Ashutosh Sharma, Head of Prosus India, stated: “We are thrilled to celebrate Urban Company’s IPO – a landmark moment for the company, its exceptional team, and India’s vibrant technology ecosystem. Since our first investment in 2021, we have watched Urban Company evolve from a ground-breaking initiative into a category-defining platform, transforming how millions of people access trusted home services. This IPO is more than a listing; it is a milestone in the coming of age of India’s digital economy. At Prosus, we are proud to back companies that are reshaping industries, creating opportunities, and building long-term value. Our continued investment in Urban Company reflects our deep conviction in the company’s future and in India’s extraordinary growth story.”
Founded in 2014, Urban Company links consumers with verified service professionals across areas such as beauty treatments, home repairs, cleaning services, and appliance maintenance. In fiscal year 2025, the company grew by 38% compared to the previous year and achieved profitability. Its consumer services segment in India recorded an EBITDA margin near 10%. The company also provides steady income opportunities and social safety nets like insurance and healthcare for its service partners.
Prosus has contributed not only capital but also expertise and support to Urban Company. Both organizations have worked together on environmental and social initiatives such as mobility support programs, scooter financing options for workers, and skill development programs targeting female service partners. To improve efficiency through artificial intelligence tools, Urban Company collaborated with Prosus’s AI team based in Amsterdam.
Abhiraj Singh Bhal, Co-founder and CEO of Urban Company said: “This IPO is a milestone in our journey, but it is only the beginning of the next phase of growth. With Prosus as a steadfast partner, we have strengthened our governance, expanded our technology capabilities, and scaled responsibly. Their ecosystem support has been instrumental in making Urban Company more resilient and efficient. As we step into the public market, we remain committed to long-term value creation for our customers, partners, and investors.”
Urban Company’s listing follows two other recent IPOs from companies backed by Prosus in India—Swiggy and BlueStone—demonstrating India’s importance within Prosus’s global portfolio. Over the past decade Prosus has invested steadily across various sectors including consumer internet businesses and financial services within India.
With this latest IPO from Urban Company—which joins Swiggy and BlueStone as recent listings—Prosus continues its approach as a long-term investor supporting innovative Indian firms during their growth phases.
