Home services startup Urban Company plans to file the draft papers for a Rs 3,000-crore initial public offering (IPO) before the end of March, Livemint reported.
The company has appointed Kotak Mahindra Capital, Goldman Sachs and Morgan Stanley to manage the public issue, the report said.
The Prosus-backed company, last valued at $2.1 billion in June 2021, will issue new and existing shares in the IPO, the report added.
Moneycontrol couldn't independently verify the report.
In June 2021, the startup had raised $255 million in a funding round led by investors such as Prosus, Dragoneer and Wellington Management.
The home services and beauty salon marketplace has a presence across over 30 cities in India along with operations in foreign markets, including Singapore and Saudi Arabia. The platform, which connects gig workers with home services, is clocking 2.2 million average monthly orders with an average order value of Rs 1,290.
Urban Company claims to operate with 57,000 partners, who managed to deliver 23 million services on the platform in FY24.
Also Read | Prosus' potential India IPOs: Meesho, BlueStone, PayU and Urban Company
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