30/4/2025, 11:28:02 am

Accel, Elevation, Tiger to exit partially in Urban Company IPO

Urban Company’s IPO will see early backers like Accel, Elevation Capital, Bessemer India, Tiger Global, and VYC11 partially exit, earning up to Rs 1,471 crore collectively. The Rs 1,900 crore offering includes Rs 429 crore in fresh shares and Rs 1,471 crore via OFS. Promoters Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan will retain their 6.67% stakes.