Urban Company Board Clears Plans To Raise Up To ₹2,500 Cr

by · Inc42

SUMMARY

  • Urban Company’s board has approved a proposal to raise up to ₹2,500 Cr through issuance of debt or equity
  • The company is seeking funds at a time when InstaHelp is facing tough competition from the likes of Snabbit and Pronto, and the prospect of a cash burn battle
  • It said the fundraise gives it flexibility to invest in its established business lines as well as InstaHelp while pursuing inorganic opportunities, without trading off one for another