He was speaking at the ET Soonicorns Summit in New Delhi.
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“We’ve been very selective about choosing our markets,” Bhal said about the company’s presence in the UAE and Singapore.
“UAE was the first international market that we entered. We subsequently entered Singapore…these markets mimic India a lot,” he added.
In 2022, Urban Company exited Australia after operating there for three years. It was the second international market it entered after the UAE.
On October 11, ET reported that the company launched a range of water purifiers under the brand name ‘Native’, taking live its pilot of testing private-label consumer products.
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The Gurugram-based company reported a 45% year-on-year jump in operating revenue to Rs 637 crore for the fiscal year ended 2023. Its losses before taxes for the year narrowed to Rs 308 crore compared with Rs 514 crore in FY22.Urban Company provides services such as grooming, appliance repairs, plumbing, electrical repairs and pest control.