UrbanClap Technologies reports 37% rise in revenue at Rs 532 cr in FY23
As per the report, the company’s net worth stood at Rs 166,086 lakh in financial year 2022-23
Home services marketplace Urban Clap Technologies India Private Limited, now known as Urban Company, has reported a revenue of Rs 532 crore for the financial year 2022-23. According to a report released by Tofler, the company reported a 37% jump in revenues since the last financial year.
The Tofler report further revealed that the company reported a net loss of Rs 161 crore during the same fiscal, a 60% decrease from the last financial year. The company’s total expenses for the fiscal were reported at Rs 693 crore.
As per the report, the company’s net worth stood at Rs 166,086.18 lacs in financial year 2022-23.
The revenue from operations stood at Rs 42,484 lacs in the financial year 2022-23 as compared to Rs 29,767 lacs last year and Rs 23,928 lacs the year before in 2020-2021.
Urban Clap was rebranded as Urban Company in January 2020. The company operates an online platform that helps customers to find and hire service professionals for their personal activities/needs. Launched in November 2014, Urban Company now operates in 16 cities and 5 international markets.
