Urban Company IPO payday; Side effects of CBD wellness rush

Happy Thursday! Urban Company investors look at lucrative returns as the unicorn gets ready to list. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Explained: Platform fee hike
■ Uber side hustle
■ Modi’s semicon pitch

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Urban Company IPO: Early backers Accel, Elevation, Bessemer eye windfall

(L-R) Varun Khaitan, Raghav Chandra, Abhiraj Singh Bhal, cofounders, Urban Company

Urban Company will hit the public markets next week. For early investors, the IPO marks a major payday, with returns as high as 29 times.

IPO…