India, May 14 -- Hyperlocal services startup Urban Company turned profitable before tax (PBT) in April 2024, as per its cofounder and CEO Abhiraj Singh Bhal.

In a post on LinkedIn on Monday (May 13), Bhal said that the startup's profit from India operations now "offsets" overseas loss.

"In April 2024, Urban Company reached a significant milestone: the consolidated company turned profitable at the PBT level. Although our India business had previously achieved profitability, our investments in overseas markets had kept the consolidated business in the red. However, India's profitability now offsets the overseas losses, making the consolidated business profitable at the PBT level," Bhal said in the post.

It is pertinent to note that Urban...