The company said its total revenue rose to Rs 263.1 crore in the financial year ended March 2020, from Rs 132.1 crore, a year earlier. Its beauty and wellness vertical contributed about 55% of the revenue. … Total loss incurred in the period stood at Rs 155.8 crore.
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Is Urban Company profitable?
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.
Also Why UrbanClap is Urban Company?
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.
Why 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.
Why Urban Company is 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 bought UrbanClap? NEW DELHI: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Urban Ladder Home Décor Solutions for a cash consideration of Rs 182.12 crore. The said investment represents 96% holding in the equity share capital of Urban Ladder.
How do I change my professional in urban business?
What is the business model of UrbanClap? The business model of UrbanClap revolves around connecting service providers with the service seekers. UrbanClap is an online platform that allows people to find professionals to help them with daily services.
How many employees does urban clap have?
Since inception, Urban Company has built a network of 40,000+ trained service professionals, and served over 5 million customers across major metropolitan cities of India, Dubai, Abu Dhabi, Sydney and Singapore.
Is Urban Company a unicorn? Urban Company is one of the newest unicorns in India and its app has become the buzzword for home service requirements. Learn why they are part of Fortune India’s 40 Under 40 this year. For the full 40 Under 40 list, click here. The seven-year-old startup raised $190 million in April, catapulting it to unicorn status.
Why did UrbanClap rebrand?
NEW DELHI : In a rebranding exercise, home services startup UrbanClap on Thursday said it will now be known as Urban Company as it repositions itself into seven key verticals capturing the company’s ambition to become a horizontal gig marketplace and expand its global footprint to Australia and Singapore.
Why did the Urban Company start? Urban Company – earlier known as Urban Clap – is not the first startup Varun Khaitan, Abhiraj Bhal, and Raghav Chandra launched. The three engineers decided to quit their cushy jobs to start a service that solved a primary customer need in India: home services.
How can I get UrbanClap franchise?
Here are the steps you need to complete to register your company:
- Get a Digital Signature Certificate (DSC)
- Apply for a Director Identification Number (DIN)
- Submit application for company name approval to reserve a name for the company.
- Create Memorandum of Association (MoA) and Articles of Association (AoA)
How do you tie up UrbanClap?
How to register on UrbanClap
- Go to. https://partner.urbanclap.com/professional-sign-up.
- Click on sign up. Choose your service. …
- Setup your profile. Add a photo. …
- Wait for customers to send in a request. If you want a customer details then you need to go to next step.
- Buy a pack of credits.
Is Urban company a unicorn? Urban Company is one of the newest unicorns in India and its app has become the buzzword for home service requirements. Learn why they are part of Fortune India’s 40 Under 40 this year. For the full 40 Under 40 list, click here. The seven-year-old startup raised $190 million in April, catapulting it to unicorn status.
How much percentage does Urban Company take? Commissions will now range from 8.5% to 25%. The highest slab currently applies to high-value orders and this change will now help partners earn more on these high-value orders.
How does Housejoy make money?
Housejoy works on a marketplace business model wherein they charge commission for the services delivered through their platform. The commission ranges from 5% to 15% depending on the category. Customers can choose a service from either their website or mobile app and book the same.
How does UrbanClap make money? UrbanClap generates 85 percent of its overall revenue by subscription. They charge some percentage of the total price of the service to the business owner in the commission-based process. In this way, they support all customers by providing them with fast and reliable service.
Who is the competitor for Urban Company?
Urban Company’s top competitors include Housejoy, Narchie, Kandua and Mutlubiev.
Is UrbanClap Chinese company? Urban Company, which was launched in Delhi in November 2014 with a handful of service professionals as UrbanClap, now claims to be India’s and the UAE’s largest home services company. During the last five years, it has expanded to three countries — Australia, Singapore and the UAE — from India.
What is the valuation of BYJU’s?
Byju’s, currently valued at about $21 billion, is seeking a valuation of over $45 billion and looking to raise as much as $4 billion, the person said, requesting anonymity as they are not authorized to speak with the press.
What is the valuation of Ola? Indian ride-hailing giant Ola has raised $139 million at a valuation of about $7.3 billion, it said in a filing, ahead of its plans to file for an initial public offering early next year.
What is the valuation of Swiggy?
At a $10.7 billion valuation, Swiggy has surpassed the valuation of its 13-year-old chief rival Zomato, which went public last year and whose market cap has shrunk to less than $10 billion.
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