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Accel poised for 28-fold return as Urban Company goes public today
Business Standard
|September 17, 2025
Venture capital firm Accel is poised to realise one of India’s largest startup returns as home services platform Urban Company’s initial public offering (IPO) this week could deliver the investor nearly ₹1500 crore from a ₹70 crore bet made a decade ago.
The Gurugram-based firm’s 145.2 million shares, acquired at an average price of $3.77 each starting in 2015, are valued at approximately ₹1,500 crore at Urban Company’s IPO price band of ₹98-103 per share— representing a 28.5-fold return.
The offering, which opens Wednesday and seeks to raise ₹1,900 crore at a valuation of nearly ₹14,790 crore, will test investor appetite for profitable Indian consumer internet companies as public market conditions remain challenging globally.
This story is from the September 17, 2025 edition of Business Standard.
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