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Urban Company Widens Losses to Rs 182 Crore Amid Fierce Competition
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News18•16-10-2026, 21:15
Urban Company Widens Losses to Rs 182 Crore Amid Fierce Competition
- •Urban Company reported a widened consolidated loss of Rs 182.48 crore for the second quarter of FY27, compared to a loss of Rs 59.33 crore in the same period last year.
- •The increased losses were driven by heightened competition, higher expenses for new user acquisition, and a Rs 174 crore investment in its domestic help service InstaHelp.
- •Consolidated revenue from operations grew by about 41 percent year-on-year to reach Rs 537.29 crore during the quarter.
- •The company's board approved raising up to Rs 2,500 crore through equity or debt to fund future investments and strategic growth.
- •Urban Company also received in-principle approval to enter the residential air-conditioners segment as a new native business line.
Key Questions Answered
Urban Company reported a widened consolidated loss of Rs 182.48 crore in the second quarter of FY27 due to enhanced competition and heavy investments in user acquisition and its quick services vertical, InstaHelp.
Urban Company's board approved raising up to Rs 2,500 crore through the issuance of equity or debt bonds to provide financial flexibility and cement leadership in InstaHelp.
The board gave in-principle approval to explore residential air-conditioners as a new line of business under the company's native segment, leveraging insights from servicing millions of units annually.
