Urban Company for $ 223 million

Udstart Required Village Services have begun to start the beginning of the latest Indian technology to get ready for public display. The Gurugram-Based companies officially filed for its own draft offering (IPO) worth the 1,900 sheets (2200). Active, investing by large investors including a large businessman and shared shared manager, while investors are required to be off ₹ 771 crore.

According to the DRHP of the company has filed with Indian stock and exchanges, in addition to renting the marketplace. Stock sales by existing investors are important related to important participators such as India and AceGL funds and 10% of stakes in companies. These early backers are selling shares traded ₹ 779 crore. Other major investors such as Tiger Global, through Internet Fund V, and Vy Funds are involved in sales, with hundreds of cancellation.

The IPO filing comes when urban companies have shown improving financial health. The company has declared the front profit ₹ 271.4 million in December 2024, a taxi-taxed taxes for the same period 1 year before the year ago. Additional customized credit has bolsted its bottom line, allowing urban companies to report 2,43 billion profits.

In terms of operation, the city company has 59 cities in India, UAE, and Saudi Arabia. Its Portfolio has extended beyond the beauty and care of the platform in the platform manage to grow its growth in different markets,

This development is also run at the time of India’s ecosystem again, for example of a great market. IPO Will also increase the ability to compete in the city of cities in districts in the city of the city in the city, in particular, which sauds, where it has been expanding its presence.