CosmicTaco

Prosus Plans $30M Secondary Investment in Urban Company

CosmicTaco · 2024-10-07T16:51:09.052141+05:30

- Prosus is reportedly planning a **$30M** secondary investment in Urban Company. - The deal is expected to occur at a **$2.6B** valuation. - This follows Urban Company's previous **$50M** secondary deal with Dharana Capital. - The investment comes ahead of Urban Company's anticipated **IPO** next year. - Prosus has already invested over **$7B** in Indian startups. Source: [Inc42](https://inc42.com/buzz/prosus-looking-to-double-down-on-urban-company-via-secondary-deal/)

Prosus is reportedly planning a $30M secondary investment in Urban Company.
The deal is expected to occur at a $2.6B valuation.
This follows Urban Company's previous $50M secondary deal with Dharana Capital.
The investment comes ahead of Urban Company's anticipated IPO next year.
Prosus has already invested over $7B in Indian startups.

Source: Inc42