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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The home services startup has had a disastrous quarter. It has sunk into losses largely on the back of burning its precious cash to chase the instant domestic help business.
Conventional wisdom holds that public companies work in the interest of their shareholders. It would appear that India’s freshly listed startups are challenging this notion. Take Urban Company, for instance. What used to be a mildly profitable, promising business before listing on the bourses in September last year has turned into a loss-making, chasing-its-own-tail kind of company in just under three quarters.
The company would have you believe it is on the path to a great endeavour. “We are building Urban Company to be the most trusted brand inside the Indian home,” said Abhiraj Singh Bahl, founder and chief executive, …
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
