India, May 12 -- Urban Company launched InstaHelp last year to position itself as the go-to platform for instant household assistance, but the vertical is increasingly becoming a financial burden rather than a growth engine for the company.

The startup, which made a blockbuster stock market debut last year with shares listing at a premium of north of 57%, had largely earned investor confidence because of one rare trait among new age tech Indian IPOs. That is profitability.

However, less than a year after its IPO, Urban Company has slipped back into losses, with InstaHelp emerging as the biggest drag on its balance sheet.

Before it went public, the startup reported a profit of Rs.239.7 Cr in FY25, while its operating revenue jumped 38% ...