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Urban Company’s losses up 96% on back of acquiring, retaining talent, and other measures; revenue up
Ratan Tata-backed home services startup Urban Company’s losses for the financial year 2019-20 have jumped 96 per cent to Rs 137.8 crore from Rs 73.6 crore in FY19 amid a 92 per cent increase in expenses to Rs 394.2 crore from Rs 205.1 crore during the said period. The financial results, which are based on the IND-AS accounting norm, that Urban company moved to last financial year from I-GAAP, also reported an 82 per cent growth in its total revenue to Rs 256 crore in FY20 from Rs 131 crore in FY19. The operating revenue for the company had increased to Rs 212 crore from Rs 108 crore.
#StartupsVsCovid19: Urban Company Resumes Service; Launches Fund To Support Partners
Urban Company has set up a relief fund to support 30K services providers listed on its platforms Uber, Ola, Swiggy and Zomato have also set up similar funds for their delivery/driver-partners Urban Company has also resumed its services in Gurugram, Noida and Faridabad regions
US lobby group asks India to not tighten foreign investment rules for e-commerce
A U.S. lobby group that represents firms including Amazon.com and Walmart has urged India not to tighten foreign investment rules for e-commerce companies again. India traders accused Amazon's Indian division and Walmart's Flipkart of creating complex structures to bypass investment regulations
Cloudtail reports 27% revenue growth in FY18; crosses $1 bn revenue mark
While revenues continued to rise, Cloudtail slid back into the red in the last fiscal as it posted a Rs 41 million loss as compared to a Rs 15.9 million profit in FY17, according to documents filed with the Registrar of Companies (RoC) which were sourced from business intelligence platform Paper.vc. Taking into account the US Dollar to Indian Rupee ...
Lockdown: Urban Company urges govt to relax norms for essential services
Home services marketplace Urban Company has urged the government to relax norms for essential services amid the lockdown, a move that will allow consumers to avail services from within their homes while helping thousands of self-employed professionals to start earning their livelihoods again.
Urban Company CEO: Announces Unlimited Mental Health Leave Policy
Urban company CEO Abhiraj Bhal, Raghav Chandra and Varun Khaitan founders led Urban Company is one of Asia’s largest home services platforms. Available on mobile applications and websites. Urbanclap was co-founded by Abhiraj Bhal IIT-K Engineer and an IIM-A MBA, along with his batchmate from IIT-Kanpur Varun Khaitan. Both of them after their stints with Boston Consulting Group, Singapore, and America respectively started a movie streaming startup called CinemaBox.
Cloudtail India Private Limited FY19-20 revenue rises 28% to 11,413 CR
Cloudtail India private limited is a seller on Amazon India. It is a wholly-owned subsidiary of Prione Business Services. The Amazon seller had reported a profit of Rs 68 crores in FY20. Cloudtail India private limited, Amazon India’s largest seller saw a 27.6% growth in its revenue to Rs.11,413 crore in the year ended March 2020 when compared to Rs.8,945 crores in the previous financial year as per regulatory documents from the Registrar of companies (ROC) sourced from Tofler.
Can Urban Company Pass Covid-19 Test After 2.4X Surge In Bookings In FY20?
Urban Company said its operating revenue for FY20 was INR 216 Cr Beauty and wellness vertical contributed to approximately 55% of its revenue in FY20 The company sees mid-term impact of Covid-19, which may vary depending on the lockdown extension or exit
Cloudtail India Private Limited
Description Cloudtail India Private Limited is a Private Company incorporated at Registrar of Companies RoC-Delhi on 4/10/2011. Cloudtail India Private Limited is majorly involved in Private and categorised as Company Limited by Shares and Indian Non-Government Company. Cloudtail India Private Limited is registered in the state of Delhi and has its registered address at S - 405 (Lgf) Greater Kailash - Ii New Delhi Delhi India 110048 Corporate Identification Number (CIN) of Cloudtail India Private Limited is U51909DL2011PTC225840.
Sumit Sahay Chief Executive Officer, Cloudtail India Pvt Ltd
About Cloudtail India Pvt Ltd Cloudtail India Private Limited operates as an online retailer. The Company retails books, media, apparel, shoes, furniture, appliances, and consumables. Cloudtail India serves clients in India. SECTOR Consumer Discretionary INDUSTRY Retail & Whsle - Discretionary SUB-INDUSTRY E-Commerce Discretionary FOUNDED 10/04/2011 ADDRESS Divyasree Chambers, Wing B 6th & 7th Fl, Langford Town Bangalore, 560 025 India PHONE 91-80-4613-7777 WEBSITE www.cloudtail.in NO. OF EMPLOYEES
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