Urban Company approves Rs 2,500 Cr fundraise amid rising competition in InstaHelp

"Urban Company has approved a proposal to raise up to Rs 2,500 crore through equity shares and convertible securities, including a qualified institutional placement (QIP), as the home services platform looks to strengthen its business and scale its operations. In a stock exchange filing on October 16, the company said its board had approved raising funds through one or more routes, including a preferential allotment, private placement and QIP. The proposed fundraise is subject to shareholder approval and other regulatory…