Poging GOUD - Vrij
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.
Dit verhaal komt uit de November 20, 2025-editie van Mint New Delhi.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint New Delhi
Mint New Delhi
Dimon seemed to have Trump figured out—until this week
Despite their public disputes, Dimon had a cordial relationship with Trump.
3 mins
January 16, 2026
Mint New Delhi
Retail share in NSE trade hits 10-yr low
The share of direct retail participation in India’s largest stock exchange’s cash turnover has fallen to its lowest in a decade, dragged down by risk aversion amid underperforming equity benchmarks, the rise of mutual funds and reallocation towards initial public offerings.
1 min
January 16, 2026
Mint New Delhi
Air India warns of A350 route disruptions
Air India warned of possible disruptions to routes served by its Airbus A350s due to engine damage sustained by one of the long-haul aircraft after landing in New Delhi on Thursday.
1 min
January 16, 2026
Mint New Delhi
China’s propaganda playbook for targeting rivals
When Beijing wants to intimidate its rivals, it has an extensive—and often menacing—playbook to draw from.
4 mins
January 16, 2026
Mint New Delhi
RBI’s dividend norms to up govt payouts
The Reserve Bank of India’s (RBI's) move to allow banks to distribute up to 75% of their net profit as dividends, up from 45% earlier, marks a shift in how regulators balance capital conservation with shareholder returns by tying payouts more closely to a bank’s score equity.
2 mins
January 16, 2026
Mint New Delhi
India's trade gap widens in December
India’s merchandise trade deficit widened in December following a sharp rise in imports, even as demand for its goods in the US remained resilient despite steep tariffs.
2 mins
January 16, 2026
Mint New Delhi
Trump claims crackdown in Iranian protests weakening
US President Trump still does not rule out potential US military action in future
1 mins
January 16, 2026
Mint New Delhi
Maersk to resume Suez Canal sailing
Maersk's move signals a step towards the normalization of global supply lines.
1 min
January 16, 2026
Mint New Delhi
Sony India revenue rises 2.4% in FY25
Consumer electronics maker Sony India’s revenue from operations increased 2.44% to ₹7,851.08 crore in the fiscal 2025; however, its total profit for the financial year decreased by nearly 6% to ₹157.03 crore, according to a regulatory filing from the company.
1 min
January 16, 2026
Mint New Delhi
Connected TVs bring viewers back to long-format content
Long-format content is finding an unlikely coexistence amid the shrinking attention spans of the mobile era, with television.
2 mins
January 16, 2026
Listen
Translate
Change font size