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Earlier report,
Urban Company board meets 16 October on fresh fundraise as InstaHelp losses widen
Urban Company's board meets on 16 October to consider raising funds via equity or convertible securities, including QIP or preferential allotment, a year after its IPO. InstaHelp's adjusted EBITDA loss widened to ₹132 Cr in Q1 FY27 amid competition from Snabbit and Pronto.
- 30 JuneCash and treasury investments of ₹2,019 crore
- 16 OctoberBoard meeting on fundraise
What we verified
Checked against the other reports of this story.
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
Urban Company board meets 16 October on a fundraise despite ~₹20 billion cash; JM Financial keeps Reduce, ₹160 target
- Urban Company cash balance at end FY26: around ₹20 billion
- InstaHelp orders delivered in a single day: 100,000
- Snabbit daily job volume now: more than 1.15 lakh
- Snabbit funding raised: $112 million
- Pronto funding raised: $60 million
On the record
Earlier Urban Company reports on RetailIntel, newest first.
Reported figures
From the report. Source details below
| Cash and treasury investments as of 30 June: | ₹2,019 Cr |
|---|---|
| Unutilised IPO fresh-issue proceeds at end of Q1 FY27: | ₹310.83 Cr |
| Q1 FY27 operating revenue: | ₹528 Cr |
| Q1 FY27 operating revenue growth: | 44% |
| FY26 consolidated net loss: | ₹235 Cr |
| InstaHelp breakeven assumption: | FY31 |