Home services marketplace Urban Company witnessed a block deal worth around Rs 428.4 crore, involving 3.15 crore shares or 2.13% of the company's total share capital. According to NSE block deal data, 3.15 crore shares of the home services platform changed hands at Rs 136 per share. SBI Mutual Fundreportedlyis the buyer, while Accel and VY Capital are the sellers. SBI Mutual Fund has been steadily increasing its exposure to Urban Company. The mutual fund had acquired an additional 4% stake in the company through bulk and block deals worthRs 632 crorein March 2026. Its stake in the company stood at 6.59% before the latest transaction. Prior to the latest transaction, Accel held a 6.99% stake in Urban Company, while VY Capital held around 12.9% through four entities: Vyc11 Limited, Vyc23 Limited, Dharana Fund, L.P., and Dharanauc Limited, according to the company’s shareholding data. The latest development comes after global brokerage Morgan Stanley upgraded Urban Company to “Overweight” from “Underweight” and sharply raised its target price to Rs 165 from Rs 128 In Q1 FY27, the company reported a 44% year-on-year growth in operating revenue toRs 528 crore. However, it slipped into a loss of Rs 92 crore during the quarter amid continued investments in its InstaHelp business. The latest transaction boosted investor sentiment, with Urban Company’s shares rising over 4% to around Rs 144.6 as of 11:25 AM on Thursday. At this level, the company’s market capitalisation stood at around Rs 22,300 crore, or $2.35 billion. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
