India, Sept. 16 -- With shares of Urban Company expected to start trading tomorrow following its INR 1,900 Cr IPO, the company's early investors like Accel, Elevation Capital, Tiger Global, among others, are set to rake in big gains.

Accel, which first invested in the startup in April 2015, sold shares worth up to INR 390 Cr in the IPO via the offer for sale (OFS). At the upper end of the price band of INR 98 to INR 103 per share, Accel India IV offloaded about 3.79 Cr shares, netting nearly 27X return on its average acquisition cost of INR 3.77 per share.

Elevation Capital V (formerly SAIF Partners) sold 3.36 Cr shares worth INR 346 Cr, translating to about 19X gain on its average acquisition cost of INR 5.39. Bessemer India offloaded ...