The new umbrella brand captures the company’s ambition to be a horizontal gig marketplace with a global footprint across categories like beauty & wellness and home repairs & maintenance.
Urban Company co-founder Abhiraj Bhal said it is important to have a brand that is globally acceptable. “From the neighbourhoods of Darling Harbour in Sydney to the condominiums of Gurgaon, Urban Company is a simple name with universal appeal. What remains unchanged is our commitment to offer reliable and affordable services at home,” Bhal said in a statement. This is enabled by working closely with our service partners, helping them with up-skilling, financing, insurance, product procurement etc., transforming them into micro-service entrepreneurs, he said.
Urban Company, which was launched in Delhi in November 2014 with a handful of service professionals as UrbanClap, now claims to be India’s and the UAE’s largest home services company. During the last five years, it has expanded to three countries — Australia, Singapore and the UAE — from India. With a fleet of more than 25,000 trained professionals across the four countries, it has served over 5 million households so far.
The startup offers services related to salon, makeup, spa massages, grooming, repairs, cleaning, painting, pest control, etc. It also offers fitness and yoga services at home.
For the financial year ended 31 March 2019, the company’s gross revenue more than doubled to ₹116 crore, from ₹46 crore in the previous year, even as its operating loss rose 26% to ₹72 crore, compared to a year ago, Mint had reported earlier.
This article was first published on livemint.com