UrbanClap

Dharana Capital founder Vamsi Duvvuri to join the board as Non-Executive Director

The partners have alleged that Urban Company blocked their cards if their ratings fell below 4.8 out of 5

Home services marketplace Urban Company, formerly Urban Clap, on Friday said its consolidated losses more than doubled to Rs 514 crore in FY22. According to a regulatory filing, the Accel India- and Tiger Global-backed company had posted a loss of Rs 249 crore in FY21. The consolidated income of the unicorn firm grew by 75.7 per cent to Rs 509.2 crore in FY22 from Rs 289.8 crore in the preceding financial year. According to Tofler, parent firm of the company Urbanclap Technology India Private Limited has posted a loss of Rs 404 crore during FY22, which is 95 per cent more compared to previous fiscal, and the revenue of the company increased by 36 per cent to Rs 387 crore. "Urbanclap Technology India Private Limited, a home services marketplace, reported its revenues for the financial year 2021-22 as Rs 387 crore, a 36 per cent jump since the last financial year. The company further reported a net loss of Rs 404 crore during the same fiscal. This is a 95 per cent increase from the l

The top 20 per cent of the company's partners earned an average of Rs 38,263 per month, while partners completing over 30 orders in a month earned Rs 30,455 per month

The ESOPs sold in this transaction have largely been purchased by existing institutional investors of the company.

Women partners on the platform protested last Friday, demanding better layouts and safer work conditions; firm responds by cutting the commissions it charges on beauty products

Urban Company denied allegations levelled by its women beautician partners of providing very low commission to them and claimed that the earnings are far more

The pandemic has accelerated the services of the tech-enabled home service marketplace which will be hiring over 15000 partners across categories in 2021

Home services marketplace Urban Company on Sunday said it has seen strong recovery in business post lockdown and expects its revenue to double in the current fiscal over the previous year.

The firm is also making some of the top psychologists in the country accessible to its employees by partnering with mental wellness platform iWill

It launched a 'Google Pay for Business', a separate app for merchants and businesses to enable digital payments through remote verification and registration, that can be done "in minutes"

The company has said that it plans to increase the number of professionals on board to 60,000-70,000 in this financial year

Steadview and Vy Capital lead the Series D round of funding. Employee and of ESOPs and stocks worth approximately USD 4 million for its employees and early angels

The startup begun its journey in 2014 has turned out to be the market leader in seven cities

UrbanClap will target absorption and verification of 300-500 candidates per month from NSDC's skilled workforce database, onto their platform

As for GoodService, the mobile app has vanished from Apple and Android app stores, reports Tech in Asia

The start-up firm is known for its stance on social issues such as women empowerment and education

As part of its CSR activity, which helps to reduce water scarcity woes in Chennai