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Urban Company Shares Plummet 9.5% on Q2 FY27 Results and Fundraise Approval

Pooja ReddySource: inc42.com
Updated 6d ago
Urban Company Shares Plummet 9.5% on Q2 FY27 Results and Fundraise Approval
Urban Company Shares Plummet 9.5% on Q2 FY27 Results and Fundraise ApprovalSource: inc42.com
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Urban Company's shares fell 9.5% to ₹143.30 apiece after reporting a consolidated net loss of ₹182.5 Cr for Q2 FY27, driven by higher spending on its InstaHelp business. The company's board approved a fundraise of up to ₹2,500 Cr to strengthen InstaHelp's market leadership and support investments across its three businesses. The company's market capitalisation stood at ₹22,323 Cr.

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