How is UrbanClap doing?

In FY19, UrbanClap posted an operating revenue of ₹116 crore, a 150\% rise over the previous year. Of course, like many startups in the digital world, UrbanClap is still to turn a profit; if anything, its losses only widened 26\% to ₹72 crore last year.

Is UrbanClap profitable?

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.

Is Urban Company making profit?

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.

What are the challenges faced by UrbanClap?

Few of the challenges faced by UrbanClap were operational expansion across India, the satisfaction of its service providers and customers, and filling up the profit–revenue gap.

How much commission does UrbanClap take?

NEW DELHI: After an intense protest over high commission and poor payout, Urban Company (formerly known as UrbanClap) on Thursday said it is slashing its maximum commission to 25\% from 30\% to improve earnings of its partners.

Is UrbanClap Indian company?

This Indian company is present in Singapore, the UAE, and Australia as well. It is available in 30 cities in India — Agra, Ahmedabad, Bhopal, Bangalore, Bhubaneswar, Delhi NCR, Indore, Jaipur, Kolkata, Mumbai, Lucknow, Vadodara, and so on — and 4 International markets — Abu Dhabi, Dubai, Sydney, and Singapore.

Is UrbanClap a failure?

Recently, Urbanclap reported a 309\% jump in its operational revenue to ₹450 million for 2017-18. The losses however were at ₹750 million. “In the last three years, our jump in revenue has been significant while the losses in quantum have remained flat.

Who is the owner of Urban Company?

Abhiraj Singh Bhal (2014–)
Urban Company/CEO

How many employees does UrbanClap 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.

Why urban company is 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.

Who is the owner of UrbanClap?

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

When did UrbanClap started?

November 10, 2014
Urban Company/Founded