SBI Mutual Fund Increases Stake in Urban Company

SBI Mutual Fund has raised its investment in Urban Company by acquiring an additional 4% stake through bulk and block transactions on Tuesday, amounting to Rs 632 crore across both the NSE and BSE platforms. This strategic move resulted in a substantial rise of over 16% in the company’s share price.

Details of the Transaction

According to the data on bulk and block deals, SBI Mutual Fund purchased a total of 3.51 crore shares at Rs 109.85 each on the NSE and 2.25 crore shares at Rs 109.83 on the BSE. The combined expenditure for these shares reached approximately Rs 632 crore.

Stake Sold by Other Investors

On the flip side, Wellington Hadley Harbor AIV Master Investors, DF International Partners, and ABG Capital together divested a total of 4.6% of their stake, with an approximate value of Rs 734 crore. The breakdown includes ABG Capital selling 1.74 crore shares for Rs 191.2 crore, DF International Partners offloading 1.77 crore shares for Rs 193.9 crore, and Wellington Hadley Harbor AIV Master Investors (Cayman) III divesting a 2.2% stake through various transactions worth Rs 349.2 crore.

Current Stake and Performance of Urban Company

As of December 2025, SBI Mutual Fund held a 1.89% stake in Urban Company, which surged to approximately 5.9% following the recent bulk purchases. In the third quarter of FY26, Urban Company reported a consolidated net loss of Rs 21 crore, alongside an adjusted EBITDA loss of Rs 17 crore. This financial performance was primarily attributed to significant investments in its InstaHelp segment, which achieved over 50,000 daily bookings within a year of its pilot launch in March 2025.

Competitive Landscape

The instant home services sector, much like quick commerce, has experienced increasing competition. Snabbit is currently in negotiations to secure $50–60 million in funding, while Pronto successfully raised $25 million earlier this month.

As of 2:22 PM today, Urban Company’s shares are trading at Rs 127.7, with a market capitalisation of Rs 18,657 crores (approximately $2 billion).