Is Urban Company profitable?

Is Urban Company profitable?

While Urban Company doubled its revenues in both FY19 and FY20, it managed to grow total revenues by 10% to ₹290 crores in FY21, which is still decent. That is where the good news ends. Urban Company incurred losses of ₹155 crores in FY20, which grew nearly 60% to ₹249 crores in FY21.

Is Urban Company successful?

Success story of Urban Company Urban Company is the leading home services provider in Asia. It is present in countries such as Singapore, the UAE, and Australia. In India, Urban Company is present in 30+ cities. In six years, Urban Company has won the trust of its customers and built an amazing platform.

Is Urban Company in loss?

On-demand home services marketplace Urban Company’s net loss widened to Rs 249.28 crore in 2020-21 (FY21) from Rs 155.18 crore in 2019-20 (FY20) as the company’s employee benefit expenses soared more than 60%, the company’s filings with the Ministry of Corporate Affairs (MCA) show.

Who has invested in Urban Company?

Urban Company (UrbanClap) investors

Is Lenskart making profit?

Lenskart has managed to grow its profit 4.6 times over the last year, even as its revenue only grew marginally, rising from Rs. 900 crore in F20 to Rs. 905 crore this year. The growth in Lenskart’s profits came chiefly from an 83% growth in its non-operating income.

What is the revenue of zomato?

Revenue from operations were at Rs 1,211.8 crore, up 75.01 per cent compared to Rs 692.4 crore in the same quarter last year. Deepinder Goyal, Zomato’s co-founder and chief executive officer, said the firm had a low QoQ (quarter-on-quarter) growth in Q3FY22 as dining-out and travel opened up post-Covid.

Who owns UrbanClap?

Urban Company changed its name to UrbanClap in Jan 2020. In this huge change, co-founder Abhiraj Bhal said that it is important to have a globally acceptable brand.

Who is the CEO of Urban Company?

How does Housejoy make money?

Housejoy works on a marketplace business model wherein they charge a commission for the services delivered through their platform.

What is the market size of Urban Company?

One such company is Urban Company, which turned unicorn with a $2.1 billion valuation when it raised a $255 million Series F round in June. During the fiscal marred by the Covid pandemic, it has recorded growth of 13.3% in operating revenue to Rs 247.7 crore in FY21 from 218.6 crore in FY20, regulatory filings show.

How many customers does Urban Company have?

As per Bhal, the number of active paid subscribers currently stand at about 7.5 lakh. On-demand home services marketplace Urban Company closed CY21 with 11.5 million orders with an average ticket price of `1,100-1,200, Abhiraj Singh Bhal, co-founder and CEO, Urban Company, told BrandWagon Online.

Is Urban Company a unicorn?

Urban Company is thus the latest Indian startup to enter the coveted unicorn club. Tiger, Steadview Capital, Vy Capital and others also participated in the round. The company has so far raised $370 million of equity capital from investors across various rounds.

Is CARS24 a unicorn?

In November 2020, CARS24 raised $200 million in a Series E funding round at a valuation of over $1 billion. With that, it became India’s first unicorn in the auto segment, making it a big milestone for the company.

Is Lenskart a unicorn?

IPO-bound Lenskart, one of the earliest unicorns in the D2C space, recently raised $100 million from Alpha Wave Capital and was last valued at $4.3 billion.

What is the valuation of Ola?

Ola Electric raises $200 million in funding at a valuation of $5 billion.

Is Titan Eyeplus profitable?

We our currently looking to expand our Titan Eye Plus brand by signing up franchise partners….8.1 / 10 · Established in 1987, 530 Franchisees currently, Headquartered in Bangalore.

How much does Peyush Bansal earn?

Peyush Bansal Net Worth Peyush Bansal is the CEO and founder of Lenskart. His estimated net worth (as of 2021) is $ 80 million (approximate).

Is Lenskart Tata product?

According to an Entrackr report, Tata will see a 28 times return on his investment of ₹10 lakh in eyewear retailer Lenskart from 2016….Ratan Tata is exiting Lenskart with returns of almost five times the investment.

Is Nykaa making profit?

E-commerce company Nykaa saw its profit in the December quarter (Q3) drop 59 per cent to Rs 28 crore compared to the year-ago period even as revenue rose 36 per cent to Rs 1,098 crore.

Is Paytm in profit or loss?

The company reported a loss of Rs 780 crore for the December quarter, compared with a loss of Rs 474 crore a quarter earlier. Revenue rose 34% from the previous quarter to Rs 1,460 crore, according to a statement.

Why Swiggy is in loss?

Foodtech platform Swiggy, operated by Bundl Technologies Pvt Ltd, has reported a 27% decline in its 2020-21 (FY21) operating revenue as lockdowns imposed to contain the spread of coronavirus hit demand for online food delivery during the period, regulatory filings show.