Urban Company Sees Strong Demand For InstaHelp, Reports Higher Losses
Urban Company posted a Rs 159 crore loss in Q4FY26, widening 50X year-on-year, as the company increased spending on InstaHelp expansion
Urban Company posted a Rs 159 crore loss in Q4FY26, widening 50X year-on-year, as the company increased spending on InstaHelp expansion
Urban Company’s InstaHelp crosses 1 million monthly bookings, becoming its fastest-growing vertical amid rising demand for quick home services.
Karnataka notifies 1 per cent welfare fee on gig platform transactions to fund social security for workers, with caps across sectors and services.
The company highlights that 20 per cent of its service professionals earned an average of Rs 42,418 per month
Urban Company reported a 32 per cent year-on-year rise in revenue and NTV in Q3 FY26, even as losses persisted due to continued investments in its InstaHelp housekeeping vertical, according to a shareholder letter.
Urban Company posts Rs 59.3 Cr loss in Q2 FY26 as heavy investments in Insta Help weigh on profits despite 37% rise in revenue.
The company is planning to invest meaningfully over the next two to three years to develop a strong network of service professionals in its core markets
Accel India holds 14.56 crore shares in the tech-enabled home services marketplace, translating into a 9.9 per cent stake on a fully-diluted basis, reports note
The company’s revenue from operations rose to Rs 1,144.4 crore in the recently concluded fiscal year from Rs 828 crore in FY24
The IPO will comprise a fresh issue of shares worth Rs 429 crore and an offer for sale (OFS) of shares totalling Rs 1,471 crore