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Ratan Tata-backed UrbanClap's revenue rises 150% in FY19
short by Arundhati Rawat / on Thursday, 16 May, 2019
Gurugram-based home services startup UrbanClap has reported a 150% increase in operating revenue at ₹116 crore in 2018-19 as compared to ₹46 crore in previous financial year. However, operating loss rose to ₹72 crore in 2018-19 from ₹57 crore. Founded in 2014 by Abhiraj Bhal, Raghav Chandra, and Varun Khaitan, UrbanClap is backed by Accel Partners, Ratan Tata, among others.
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