NEW DELHI : Home services marketplace Urban Company on Tuesday said its revenue has more than doubled to ₹216 crore in FY20 over the previous fiscal, driven by strong growth in beauty and home care services.
The company, which has seen disruption in business amid the nationwide lockdown, said it is ramping up spending on hygiene and safety in FY21 to ensure that customers and professionals are protected.
In FY20, Urban Company moved from Indian Generally Accepted Accounting Principles (I-GAAP) to Indian Accounting Standard (Ind-As) method.
As per Ind-As accounting method, its operating revenue grew from ₹106 crore to in FY19 to ₹216 crore in FY20 – growth of 103 per cent.