IPO Bound Urban Company Introduces Revamp for Fast Home Makeovers

Urban Company, which is preparing for an IPO, has introduced a new home improvement sub-brand called Revamp. The service focuses on quick and hassle-free small-space makeovers, aiming to combine design, speed and reliability for urban customers.

Revamp Launch and Service Expansion

The Revamp service is currently available in Mumbai, Delhi NCR, Bengaluru and Hyderabad. With this step, the company hopes to simplify renovations for city households. 

As per news reports, Abhiraj Singh Bhal, Cofounder and Chief Executive of Urban Company, stated, “With this launch, we’re streamlining the home renovation process by making it easier and reliable. We aim to help people by combining aesthetics, speed and service under one experience,”. 

This isn’t the company’s first diversification move. Earlier this year, it entered the quick commerce space with InstaHelp, which lets users book household help within minutes, though the time frame was later extended to 25–30 minutes. Urban Company has also launched consumer products under the ‘Native’ brand, including smart locks and water purifiers.

IPO Plans and Financial Growth

Founded in 2014, Urban Company operates mainly in 2 segments: beauty and wellness, and home repairs and maintenance. Its portfolio ranges from salon and spa services to plumbing, carpentry, pest control, cleaning, and appliance repairs.

As per news reports, on April 28, the company filed its DRHP for a ₹1,900-crore IPO, with ₹429 crore coming from a fresh issue. This is a scaled-down version of the ₹3,000-crore plan it had considered earlier. 

In FY25, Urban Company recorded a 38% rise in operating revenue to ₹1,144 crore. It also turned profitable, reporting a net profit of ₹240 crore compared to a ₹93 crore loss the previous year. This turnaround was supported by a ₹211 crore deferred tax credit, though even before tax, the company posted a profit of ₹28 crore.

Read More: Groww Secures SEBI Nod for IPO: Plans to Raise Up to $1 Billion!

Conclusion

By introducing Revamp, Urban Company is adding another layer to its offerings while preparing for its market debut. Strong financial results and new service lines show its intent to become a one-stop platform for urban households.

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