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

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…