Urban Company Gets Board Nod To Raise INR 528 Cr Via IPO

Urban Company’s board has approved raising up to INR 528 Cr (about $60 Mn) via a fresh issue in its IPO

The startup plans on a mainboard listing in an unspecified timeline

Reports suggested that the startup was planning to file its draft papers for an INR 3,000 Cr IPO before the end of March

In the run up to its public listing, Urban Company’s board has approved raising up to INR 528 Cr (about $60 Mn) via a fresh issue in its IPO. The startup’s public issue will also comprise an undisclosed amount of…