Urban Company Limited
SBI Mutual Fund bought 31,500,022 shares of Urban Company Limited for ₹428.40 Cr at ₹136.00 apiece in a block deal. This acquisition increases SBI MF's stake to approximately 8%.
A technology-driven online marketplace, Urban Company connects customers with vetted professionals for home and beauty services across India. The company operates a full-stack platform that manages service delivery, quality control, and customer experience through its digital infrastructure. Founded in 2014, it distinguishes itself through its integrated approach to service aggregation, professional verification, and service standardization in the home services sector.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.