Urban Company revenues jump 37% even as it posts losses

At-home services platform 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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