By BullScreen Editorial Team 
Shares of home services platform Urban Company surged up to 9% to Rs 119.50 on the BSE on Wednesday, following a major stake purchase by SBI Mutual Fund. The investment, valued at Rs 632.21 crore, coincided with the end of the mandatory lock-in period for pre-IPO shares.
The rise came after three early investors – DF International Partners II, ABG Capital, and Wellington Hadley Harbor Aiv Master Investors (Cayman) III – sold shares worth a combined Rs 734.4 crore through block deals on Tuesday. On the NSE, DF International Partners II and ABG Capital offloaded shares worth Rs 385.16 crore, while Wellington Hadley Harbor sold Rs 349.23 crore on the BSE. The transactions accounted for 4.6% of Urban Company’s equity, with DF International Partners II and Wellington Hadley Harbor exiting completely.
Urban Company, which debuted on September 17, 2025, at a 57% premium over its issue price of Rs 103, has struggled since listing. The stock is down 16% year-to-date and trades just 7% above its issue price, after peaking at Rs 201.18 last year.
The Gurugram-based firm reported a net loss of Rs 21 crore in the December quarter, reversing a profit of Rs 232 crore a year ago. The loss was attributed to aggressive investments in its new InstaHelp housekeeping vertical. Despite this, the company’s revenue from operations rose 33% year-on-year to Rs 383 crore, with net transaction value up 36% excluding Saudi Arabia, reflecting broad-based growth across India and international markets.
Investor interest from SBI Mutual Fund could provide a positive signal for Urban Company’s stock, highlighting confidence in the platform’s long-term growth potential despite near-term losses. The stock’s recovery also suggests renewed market attention as the company continues to scale its high-frequency home services business.