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The Economic Times
The Economic Times
Technology

Urban Company eyes Rs 2,500 crore QIP amid cash-intensive househelp battle

Urban Company Pronto Snabbit General Catalyst Lightspeed Gurugram InstaHelp IPO

The board of home services platform Urban Company will meet on October 16 to consider a fresh fundraise, according to an exchange filing. According to sources, it is planning to raise Rs 2,000-2,500 crore via a qualified institutional placement (QIP).

The Gurugram-based company, which went public in September 2025 , is locked in a battle with Lightspeed-backed Snabbit and General Catalyst-backed Pronto in the high-cash-burn instant househelp segment.

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