Urban Company QIP: Board to Consider Up to Rs 2,500 Crore Raise
The move: Urban Company’s board will meet on October 16 to consider a fresh fundraise. According to sources, the Gurugram-based company is planning to raise Rs 2,000-2,500 crore through a qualified institutional placement, or QIP.
The company competes with Lightspeed-backed Snabbit and General Catalyst-backed Pronto in India’s instant househelp segment. Urban Company entered the 10-minute househelp market in early 2025. About 40% of the fresh funds is expected to be allocated towards building a warchest for the InstaHelp business, while the remaining funds are likely to be deployed towards inorganic expansion and other businesses such as India core home services and Native, its line of home devices.
What Urban Company does
Urban Company is a home services platform with a core home services business, an instant househelp business called InstaHelp, and a home devices line called Native. It went public in September 2025.
In the April-June quarter, InstaHelp generated Rs 11 crore in revenue and reported adjusted operating losses of Rs 132 crore. Its adjusted Ebitda loss per order improved from Rs 447 to Rs 346, while average order value declined from Rs 150 to Rs 138.
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Urban Company and the instant househelp market
Snabbit has raised a total of $112 million, including a $56-million round in April 2026, while Pronto has raised more than $50 million.
India’s home services market was valued at $60 billion in 2024-25 and is expected to reach $100 billion by 2029-30, according to Jefferies. Urban Company’s core business remains profitable, reporting Rs 356 crore in June-quarter revenue and Rs 73 crore in adjusted Ebitda, while InstaHelp reported adjusted operating losses of Rs 132 crore.
Company view
Urban Company said in its quarterly letter to shareholders: “We expect losses to remain elevated as we invest to cement our leadership position.”
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