Accel set for 28x return as Urban Company IPO values stake at ₹1,500 cr

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.