India, Oct. 19 -- Inside UC's Rs.2,500 Cr Fundraise Plan

A year after listing, Urban Company is back in the market for more funds. The company plans to raise Rs.2,500 Cr as it chases profitability, eyes new businesses and fights a costly battle for home services supremacy. Will the fresh capital fortify UC's competitive posture?

A Bigger War Chest: Urban Company's board has approved a proposal to raise up to Rs.2,500 Cr through equity or convertible securities. While it is yet to decide on the route for the fundraise, the management believes that the proceeds would absorb short-term operational burn without constraining internal cash flows.

The Rs.2,500 Cr Buffer: While the company maintains that it can reach EBITDA breakeven by FY28 w...