If they are profitable at PBT levels, then they are def profitable at PAT levels (since they can carry forward losses from previous years)

Business Analyst

Looks like some one is trying the next round of fund raise. Or planning to go public.

Consultant

Welcome to Indian Startups's Private Community

Urban Company towards profits

Growth Manager

Urban Company towards profits- Grapevine

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

Big if true, given Meesho’s scale

I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping

Engineering Manager

Product Manager

Welcome to News Discussion's Private Community

- Urban Company, a home service marketplace, has shown impressive growth since its inception, with operating revenue reaching Rs 827 crore in FY24, up from Rs 248 crore in FY21.
- The company reported a 30% year-on-year increase in revenue for FY24, while also achieving a 70% reduction in losses, which fell to Rs 93 crore from Rs 312 crore in FY23.
- Despite the positive financials, Urban Company noted that these figures are unaudited and may differ from the actual balance sheet to be released soon.
- In Q1 FY25, the company recorded Rs 281 crore in revenue, a 37.3% increase compared to Q1 FY24, with an operating EBITDA of Rs 7 crore.
- The firm also highlighted that female service partners earned 23% more per hour than their male counterparts in H2 CY23, and the company charged an average commission of 25% from service partners. 

 Source: Entrackr

Urban Company Reports Significant Growth and Reduced Losses in FY24

Journalist

Dukaan turned profitable

Isne Twitter post auto trigger pe rakh diya tha. 
  
 if profit > 0 { 
  postOnTwitter(); 
  } else { 
  initiateLayoffAndCreatePostOnAI(); 
 }

Generalist

Welcome to Office Gossip's Private Community

Is udaan raising new funds and if yes, what is the new valuation ?

Chief of Staff

Investment giant Prosus has written down the valuation of edtech giant Byju's to below $3 billion, marking a steep drop from the $22 billion valuation the Prosus has marked down the valuation of Byju's, India's most valuable startup, to below $3 billion.

Prosus cuts valuation of Byju's, India's most valuable startup, to below $3 billion | TechCrunch

Byju’s valuation reduced from $22Bn to sub $3Bn by Prosus

Corporate Strategist

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

Flipkart losses widen by 42% to Rs 4,845.7 crore. Total loss of Flipkart  since inception now amounts to Rs. 12,600 crore. And we are talking about  the flag bearer of India's success story 's performance in 16th year since its inception

After 16 years of existence should we still call Flipkart a startup?

Sales Manager

Software Engineer

Can anyone suggest unicorn startup stocks which has potential to grow in future . Anything not mainstream but doing well in background. Like Zomato is known by everyone. Im looking into hidden gems . 
I know anything can happen in market I will do my own research .

Investing

Woah. That’s a big one.

Analyst

Swiggy hits EBITDA profitability on its food delivery business. For context, Zomato turned EBITDA profitable in their last quarter (food delivery) as well. Thoughts?

Investment Associate

https://www.youtube.com/watch?v=fE0frCNDccQ&ab_channel=CRED

Why is CRED spending so much on Ads ? Do they really need it ?

Senior Software Engineer

Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.

Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-drop-significantly/

B2B Ecommerce gaint Udaan is in advance stage to raise equity funding

Project Manager

Any PM or Dev from Navi here!!
I just saw it’s Glassdoor rating is 2.1,is it that bad?

Why is NAVI hated so much?

Wanted to check with folks working at UrbanCompany how the company is doing. Are they growing / doing well? It appears to be smooth sailing but I heard they postponed their IPO. 

Also how’s culture there? Heard Abhiraj is a great CEO.

What’s up with UrbanCompany?

Product Owner

There are so many startups failing all around.
Many which I thought were doing something great also have been duds. Some epic surprise failures would be dunzo, pharmeasy, etc.
It looks like there will be many more such revelations in coming days 😐😐

Please share list of some stable and good startups (Series B and beyond) which I should be targetting.

Which startup is worth joining?

CARS24 UAE is now profitable 📈

Looks like Zomato is at it again - quarterly layoffs (pun intended). Have come to know from a current employee that they are firing people with great skill set and work only because they are at a higher CTC and are replacing older folks with new freshers at a lower pay. Zomato never fails to surprise.

Layoffs at Zomato!

Imploding after investors turned off the taps a year so ago.. investors spoilt the ecosystem chasing growth with weak business models.. disintermediation doesn’t always work.. neither does setting up models that impose costs and ignore risks …
the chickens come home to roost..

Urban Company towards profits

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