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Urban Company, a prominent player in India's burgeoning startup ecosystem, reported a 30% increase in consolidated net revenues for FY24, reaching INR 827 crore. The company, which operates within a $350 billion market that boasts over 110 unicorns, has successfully narrowed its losses from INR 312 crore in FY23 to INR 93 crore in FY24. Additionally, Urban Company recorded a profit before tax of INR 12 crore for Q1 FY25, indicating a positive trajectory in its financial performance. The growth is attributed to investments in service quality, partner training, and technology development.
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