Jul 17, 10:49 AM

IPO-bound Genda Targets International Investors with Equity Raise, Dharana Capital Invests $50M in Profitable Urban Company

Genda is conducting an equity raise aimed at international investors, with a majority from primary sources and a small portion from initial backer Midas Capital, resulting in total dilution of about 7-8%. Dharana Capital has invested $50 million in Urban Company through a secondary transaction, acquiring shares from employees and other shareholders, marking the largest ESOP liquidity in the home services provider's history. Urban Company, set for an IPO, has raised $50 million from Dharana Capital, achieving profitability at a profit before tax level in Q1FY25.

#Genda #Midas Capital #Dharana Capital #Urban Company

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