Prosus backs Urban Company’s $3 billion IPO on NSE and BSE, retaining long-term stake in India’s leading home services platform

Prosus backs Urban Company’s $3 billion IPO on NSE and BSE, retaining long-term stake in India’s leading home services platform

(IN BRIEF) Prosus has reaffirmed its long-term commitment to Urban Company after the home services platform listed on NSE and BSE at a $3 billion valuation. Prosus, an investor since 2021, retains its ~7% stake as the company enters a new growth phase. The IPO highlights Urban Company’s strong financial performance, its impact on the gig economy, and the strength of India’s maturing technology ecosystem. This is the third Prosus-backed IPO in India in 12 months, further establishing India as a core market for the global investment group.

(PRESS RELEASE) AMSTERDAM, 18-Sep-2025 — /EuropaWire/ — Prosus today announced its continued support for Urban Company following the home services platform’s successful listing on India’s National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The IPO, which values Urban Company at INR 253.02 billion ($3 billion), marks a major milestone for both the company and India’s fast-evolving digital economy. Prosus has been an investor since 2021 and will maintain its ~7% stake post-listing.

Ashutosh Sharma, Head of Prosus India, said: “We are thrilled to celebrate Urban Company’s IPO – a landmark moment for the company, its exceptional team, and India’s vibrant technology ecosystem. Since our first investment in 2021, we have seen Urban Company evolve into a category-defining platform, transforming how millions of people access trusted home services. This IPO is more than a listing; it is a milestone in the coming of age of India’s digital economy. At Prosus, we are proud to back companies that are reshaping industries, creating opportunities, and building long-term value. Our continued investment reflects our deep conviction in Urban Company’s future and in India’s extraordinary growth story.”

Founded in 2014, Urban Company connects millions of customers with verified service professionals across beauty, appliance repair, cleaning, and home maintenance. In FY25, the company achieved 38% year-on-year growth and reached profitability, with its India consumer services arm posting an EBITDA margin of around 10%. Beyond its financial success, Urban Company has reshaped the gig economy in India by offering income stability, healthcare, insurance, ESOPs, and financing opportunities for its service partners.

Prosus has supported Urban Company not only with capital but also with expertise and ecosystem resources. The partnership has advanced ESG initiatives including scooter financing, mobility support, and training programs for women service partners. Urban Company has also leveraged Prosus’s global AI expertise, working closely with its 150-member AI team in Amsterdam to improve efficiency and customer experience.

Abhiraj Singh Bhal, Co-founder and CEO of Urban Company, commented: “This IPO is an important milestone, but it is only the start of our next phase of growth. With Prosus as a steadfast partner, we have strengthened governance, expanded technology capabilities, and scaled responsibly. Their ecosystem support has made us more resilient and efficient. As we step into the public market, we remain committed to creating long-term value for customers, partners, and investors.”

Urban Company’s listing is the third from the Prosus India portfolio in the past year, following Swiggy and BlueStone. The development underscores India’s position as one of Prosus’s top three global ecosystems. Over the last decade, Prosus has steadily invested across consumer internet, fintech, and AI in India, reinforcing its commitment to supporting innovative businesses that scale responsibly and deliver lasting value.

About Prosus

Prosus is the power behind the world’s leading lifestyle ecommerce brands, across Europe, India, and Latin America, unlocking an AI-first world for our 2 billion customers.

The Prosus technology ecosystem spans food delivery, payments, classifieds, travel, events, and mobility. Our integrated approach enhances user engagement and creates the foundation for unprecedented AI capabilities through proprietary data and cross-service intelligence.

Through Prosus Ventures, we invest in companies which inspire and support the Prosus ecosystem. We search for new opportunities at the leading edge of AI and ecommerce, the digital AI workforce and in frontier technologies, such as robotics, drones and synbio.

The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives.

To find out more, please visit www.prosus.com

Media Contact:
Tel: +31202999777

SOURCE: PROSUS