Urban Company revenues jump 37% even as it posts losses

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At-home services platform rel=”dofollow” href=”https://economictimes.indiatimes.com/urban-company-ltd/stocks/companyid-2269131.cms” target=”_blank”>Urban Company, which went public in September, saw its operating revenue increase 37% year-on-year (YoY) to Rs 380 crore for the quarter ending in September, driven by growth in its India consumer services, international operations, and its Native brand through which it sells smart locks and water purifiers.

The company posted a net loss of Rs 59 crore compared to Rs 1.8 crore in Q2FY25, largely due to a Rs 44 crore loss from Insta Help, a service launched in March that enables users to book a house help within 30 minutes.

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Urban Company revenues jump 37% even as it posts losses



At-home services platform rel=”dofollow” href=”https://economictimes.indiatimes.com/urban-company-ltd/stocks/companyid-2269131.cms” target=”_blank”>Urban Company, which went public in September, saw its operating revenue increase 37% year-on-year (YoY) to Rs 380 crore for the quarter ending in September, driven by growth in its India consumer services, international operations, and its Native brand through which it sells smart locks and water purifiers.

The company posted a net loss of Rs 59 crore compared to Rs 1.8 crore in Q2FY25, largely due to a Rs 44 crore loss from Insta Help, a service launched in March that enables users to book a house help within 30 minutes.

In…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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