Accel's ₹14 cr bet in Urban Company turns into ₹390 cr after IPO
Accel, a Silicon Valley venture capital firm, has made 27x return as its initial ₹14-crore investment into Urban Company turned into ₹390 crore. This comes after Urban Company shares listed at 57% premium after a ₹1,900-crore IPO. Accel had invested a total of ₹55 crore, giving it 14.56 crore shares. At current valuation, the firm's stake was over ₹1,500 crore.