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Economic Times
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Urban Company posts Rs 240 crore profit in FY25, revenue rises 38%
- IPO-bound Urban Company reported a 38% increase in operating revenue for the financial year ended March 31, 2025 at Rs 1,144 crore.
- The company turned profitable in FY25 with a net profit of Rs 240 crore against a loss of Rs 93 crore in FY24.
- The profit was aided by a Rs 211-crore deferred tax credit, while on a pre-tax basis, a profit of Rs 28 crore was reported.
- Urban Company had around 47,800 active service professionals on the platform monthly, serving 6.8 million annual transacting consumers in FY25.
- The cofounders mentioned the company's plan to invest in expansion into newer categories and deepen its presence in existing cities.
- The company also launched 'InstaHelp' for quick commerce entering the househelp booking space.
- Urban Company filed a draft red herring prospectus for a Rs 1,900-crore public offering, reducing the overall IPO size from Rs 3,000 crore.
- Founded in 2014, Urban Company operates in beauty and wellness, home repairs, and maintenance categories across India, Singapore, UAE, and Saudi Arabia.
- India contributed the most to the company's revenue with Rs 695 crore.
- The company's growth plans include cross-selling services, introducing product-led solutions under its 'Native' brand, and expanding to new markets.
- The platform has revamped its delivery timeline for InstaHelp to 25-30 minutes after its launch in March.
- Urban Company aims to drive growth by scaling its offerings, providing additional services, and leveraging its brand presence.
- It has developed consumer products like smart locks and water purifiers under the 'Native' brand.
- The company's at-home services span various services from salon and spa to home repairs, operating through joint ventures in different countries.
- The continued growth trajectory of Urban Company positions it for potential success in the at-home services sector.
- Urban Company's financial performance and expansion endeavors showcase its strong market presence and strategic initiatives.
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