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Urban Company Turns Profitable, Posts INR 240 Cr PAT In FY25
- Urban Company turned profitable in the financial year ended March 31, 2025 (FY25) with a net profit of INR 239.7 Cr, compared to a loss in FY24.
- The startup's operating revenue increased by 38.2% to INR 1,144.4 Cr in FY25 from INR 828 Cr in the previous fiscal year.
- Founded in 2014, Urban Company provides tech-enabled household services and has notable backers like Ratan Tata and Tiger Global.
- The company filed its draft red herring prospectus (DRHP) for a public issue of INR 1,900 Cr in April.
- Urban Company generates revenue through platform services, product sales, and international operations.
- Revenue sources include product sales of INR 304.2 Cr, service sales of INR 840.1 Cr, and other income, totaling INR 1,260.6 Cr for the year 2024-25.
- The startup also operates branches in UAE, Saudi Arabia, and Singapore, with international revenue contributing 12.8% to the total revenue.
- Expenses for Urban Company rose to INR 1,223.4 Cr in FY25, with the majority coming from other expenses, employee benefits, and purchase of stock-in-trade.
- The startup plans to raise INR 528 Cr through a fresh issue in its IPO, with proceeds allocated for technology development, office lease payments, and marketing.
- In preparation for the IPO, the founders sold shares worth INR 779 Cr in secondary deals between September 2024 and February 2025.
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