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Urban Company junks plan to go solo in global markets
Financial Express Lucknow
|May 17, 2025
URBAN COMPANY IS RETHINKING its approach to international growth by moving away from its earlier strategy of building operations independently in foreign markets.
The home services provider, which is preparing for a ₹1,900-crore initial public offering (IPO), is now focusing on partnerships and platform integrations to sustain its presence outside India.
The company had entered markets such as the UAE, Singapore, Australia, the US, and Saudi Arabia with high expectations. These regions featured strong demand for app-based home services, driven by large expatriate populations and high disposable incomes. However, operational and financial difficulties have led the company to reconsider its expansion model.
Dit verhaal komt uit de May 17, 2025-editie van Financial Express Lucknow.
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