Urban Company prioritizes InstaHelp growth as losses widen

BENGALURU: Urban Company Ltd is prioritizing growth in its instant house-help service InstaHelp over near-term profitability, even as its core businesses become more profitable. A year after its stock-market debut, the home-services platform is absorbing mounting losses to scale the offering.Revenue rose 41.4% year-on-year to ₹537.3 crore in the September quarter, beating Bloomberg’s consensus estimate of ₹517.1 crore. Net loss widened to ₹182.5 crore from ₹59.3 crore a year earlier, against an estimated loss of ₹134 crore.“Every segment of our…