Synopsis
Home services giant Urban Company has ceased its operations in Saudi Arabia following the cancellation of its subsidiary's commercial registration. This voluntary winding-up process, initiated in late 2025, marks a strategic shift for the company as it prioritises profitability over expansion. The firm recently reported a significant increase in net loss, attributed to higher spending on its domestic-help service.Listen to this article in summarized format
In an exchange filing, Urban Company stated the winding-up process had been initiated voluntarily, with the company first informing exchanges of its intent on November 1, 2025, followed by a second disclosure on May 8. With the cancellation now formalised, UC KSA ceases to be a step-down subsidiary of Urban Company, the statement read.
Urban Company entered the UAE in 2021, followed by Australia and Singapore. In 2022, it exited Australia after operating there for three years.
The exit comes as Urban Company pushes for profitability over sheer scale. The firm, which listed in September 2025, reported a 57-fold jump in net loss, at Rs 161 crore, in the March quarter of FY26, from Rs 2.8 crore a year earlier. Revenue from operations rose 43% on-year to Rs 425.5 crore, compared with Rs 298.4 crore in the year-ago period.
CEO Abhiraj Singh Bhal attributed the jump in losses to increased spending on its on-demand domestic-help segment, InstaHelp.
