What happened to UrbanClap?

What happened to UrbanClap?

Today, UrbanClap announced the creation of its new brand, Urban Company. The new umbrella brand captures the company’s ambition to be a horizontal gig marketplace, with a global footprint and leadership position across service categories, Beauty & Wellness and Home Repairs & Maintenance.

Who is CEO of Urban company?

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 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.

Why UrbanClap changed name?

India’s leading home service platform, Urban Clap has officially announced its new brand name ‘Urban Company. ‘ Rebranding indicates the company’s vision aims at being a horizontal platform with a global footprint. As the company is expanding itself globally, the organisation wanted a name which has a universal appeal.

Who is the brand ambassador of UrbanClap?

New Delhi: UrbanClap, digital home services platform, on Monday announced that it has appointed Bollywood actor Kriti Sanon as its brand ambassador for the beauty vertical. Sanon joins actor Ayushmann Khurrana who endorses UrbanClap’s air conditioning repair services.

Who owns Urban?

Abhiraj Singh Bhal – Co Founder – Urban Company | LinkedIn.

What is the net worth of UrbanClap?

BENGALURU : Urban Co. (formerly UrbanClap) on Wednesday said it has raised $255 million at a valuation of $2.1 billion, making the hyperlocal service provider the latest startup to enter India’s unicorn club.

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.

Is Dunzo a unicorn?

Once the deal is approved, the company’s valuation would double over what it is currently to $1.3 billion—making the Bengaluru-based startup the latest entrant into India’ coveted unicorn club.

Which startups are profitable in India?

Top 10 Most Profitable Startups in India

• Zoho Corp.
• Zerodha.
• Mu Sigma.
• Games24x7.
• Infoedge.
• Dream11.
• BillDesk.
• FirstCry.

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.

Is urban clap in profit or loss?

On a unit level, Urban Company spent Rs 2.18 to earn a single rupee of revenue. Annual losses booked by the company surged by 61% YoY to Rs 249.3 crore in FY21 as compared to Rs 155.2 crore during FY20.

Why do people use Urban Company?

Urban Clap provides easy access to its home services through an online website and mobile app. The company has built a platform that is collaborative and easy to understand. Everyone can easily use it and book its services. Any user, or expert, effectively accesses the features.

What makes Urban Company unique?

The Urban Company has a straightforward and simple business model. This is to connect the customers with their required services at home. The company helps you to bring in beauticians, fitness trainers, educators, electricians, plumbers, photographers, and many more.

Why is UrbanClap successful?

Urban Company, previously called UrbanClap, is among the leading startups in India that have witnessed a steep rise in their customer base. The company has made it easy to avail services such as massage and salon without going outside and it is the largest online services provider which has a very simple background.