AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Urban Company Launches Home Makeover Service Revamp Ahead of IPO
ByAinvest
Wednesday, Aug 27, 2025 6:00 am ET1min read
Urban Company, a home services platform, has launched Revamp, a home makeover service that offers small-space makeovers in one day. The service is currently available in four cities and aims to streamline the home renovation process. Urban Company has also entered the quick commerce segment with InstaHelp and has developed its own line of consumer products. The company filed a Rs 1,900-crore IPO and reported a 38% increase in operating revenue to Rs 1,144 crore in 2024-25, with a net profit of Rs 240 crore.
Walmart International's gross profit dipped in the June quarter due to rising investments in India's quick commerce sector via Flipkart and Myntra. The company is doubling down on its focus on rapid deliveries in India, positioning itself to grow in this fast-growing market [1].John David Rainey, chief financial officer and executive vice president, Walmart, noted that the decline in gross profit rate was due to continued pressure from channel and format mix, as well as strategic investments in price across markets and quick commerce capabilities in India [1].
Kathryn McLay, president and CEO of Walmart International, emphasized the company's commitment to the 15-minute and 30-minute delivery segments. Walmart now has 300 minute fulfillment centers (FCs) and 60 million fulfillment centers (MFCs) for Myntra, enabling rapid delivery to consumers [1].
Walmart's India bet comes amid stiff competition from players like Blinkit, Swiggy Instamart, and Zepto. Flipkart's Indian marketplace entity recently received Rs 2,225 crore (about $260 million) from its Singapore-based parent to accelerate the rollout of Flipkart Minutes, its 15-minute delivery vertical [1].
For the April–June quarter, Walmart International reported net sales of $31.2 billion, up 5.5% year-on-year, led by Flipkart, China, and Mexico. Advertising revenue rose 15%, with Flipkart driving growth [1].
References:
[1] https://economictimes.indiatimes.com/tech/technology/walmart-internationals-margins-squeezed-by-flipkart-myntra-quick-commerce-bets/articleshow/123471632.cms
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet