Tech
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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