कोशिश गोल्ड - मुक्त
Tech firms tap services for reach, products for profit
Mint New Delhi
|November 20, 2025
Urban Co, MyGate, HealthifyMe, Paytm rely on service-linked products to drive repeat use
These new-age technology companies are building large service-driven user bases and monetizing them through higher-margin hardware and product lines.
(REUTERS)
Quick commerce made Swiggy and Zomato indispensable, while electric vehicles gave Ola a clear purpose. Now, the next wave of Indian tech startups—Urban Company, MyGate, HealthifyMe, Paytm, and others—are adopting a similar template: providing services for reach, but selling products to make money.
But, without the depth of legacy players, the platforms are starting small, relying on the still-evolving service-attach model to drive stickiness and bring repeat usage, indirectly strengthening business economics.
Home-services platform Urban Company, which made a stellar stock-market debut on 17 September, is seeing measurable traction for its home-solutions brand Native, which contributed about ₹75 crore, or roughly 11%, to its revenue of ₹380 crore for the September quarter. The products business has expanded fourfold from ₹29 crore in 2023-24 to ₹116 crore in 2024-25.
यह कहानी Mint New Delhi के November 20, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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