Prosus Doubles Urban Co. Stake Ahead of Potential $1.8B IPO

Prosus NV, a prominent investor recognized for its substantial stake in Tencent Holdings Ltd., has more than doubled its investment in the Indian startup Urban Company. This significant capital injection coincides with Urban Company's preparations for a potential initial public offering (IPO), which could lead to a company valuation of approximately $1.8 billion. While specific details regarding the size of the increased stake and the precise valuation remain undisclosed, Prosus's timing underscores a strong conviction in Urban Company's growth trajectory and its future prospects within the Indian market, especially in anticipation of its public debut.