Dharana Capital acquires shares worth Rs 400 crore in Urban Company

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Dharana Capital acquires shares worth Rs 400 crore in Urban Company - Business Standard

Quick Summary:

Urban Company is tapping into the home services market, currently estimated at $50 billion in India alone.

In 2021, Urban Company’s valuation jumped 33 per cent in six months to $2.8 billion, after concluding the fourth ESOP sale programme of $7.3 million (Rs 55 crore).

According to sources, Dharana Capital's transaction is part of Urban Company's secondary transaction announcement in May this year.