Private Equity

Liquidity Events

Home services co. Urban Company’s VC investors cash out with Rs.615 Cr in pre-IPO deals

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Home services provider Urban Company’s VC investors Bessemer, Accel India and Tiger Global have exited partially, selling a combined INR 615 crore worth of shares.The company's founders Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra have also made a secondary exit worth INR 780 crore (USD 91 million)Bessemer, Accel, and Tiger Global sold stakes worth INR 142 crore, INR 194 crore, and INR 84 crore respectively, to Think Investments. Bessemer also conducted a separate secondary sale worth INR 195 crore to Arohi Seed SPC.Urban Company plans to raise INR 1,900 crore through its initial public offering (IPO), comprising a fresh issue of INR 429 crore and an offer for sale (OFS) worth INR 1,471 crore. As part of the OFS, Accel, VY Capital, Prosus, Bessemer, and Elevation will divest partially.