Urban Company Plans 2500 Cr Fundraise

Urban Company's board approved a proposal to raise up to ₹2,500 Cr through equity or convertible securities to fund new products and acquisitions. The company aims to reach EBITDA breakeven by FY28, though net loss tripled to ₹182.5 Cr in Q2 FY27 due to InstaHelp losses. Simultaneously, the startup is entering the residential AC market under its Native brand.