New Delhi, Jan. 23 -- Urban Company Ltd posted a loss for the second straight quarter since its listing, on the back of increased investment in InstaHelp, the company's quick service vertical.
Urban Company Ltd reported revenue of Rs.382.68 crore, a 32.91% increase from the same period last year, and a net loss of Rs.21.16 crore against a net profit of Rs.231.84 crore in the same quarter last year.
The company said in its December-quarter shareholder letter, "The consolidated business had achieved adjusted-Ebitda breakeven during FY25. With stepped-up investments in building InstaHelp, we expect the consolidated business to remain loss-making for the next few quarters. The InstaHelp opportunity is significant and immediate, and we are c...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.