UC Hungry For Funds Again, DailyObjects’ D2C Playbook & More
UC Taps Public Markets Again for Funds Urban Company is hungry for more cash. Despite sitting on over hundreds of…
Urban Company seeks fresh capital again despite sitting on over ₹2,019 crore in cash. The consumer services giant's board will meet on October 16 to consider raising funds through equity shares or convertible securities. InstaHelp, UC's instant services vertical, is consuming significant resources and has reported an adjusted EBITDA loss of ₹132 crore in Q1 FY27.
This loss is expected to persist for several more years, with no breakeven anticipated until FY31. This scenario mirrors a growing trend among listed new-age tech companies, using public markets for ongoing liquidity rather than a definitive exit. Meanwhile, DailyObjects, a brand that has evolved from selling smartphone cases to accessories and bags, is targeting a ₹400 crore revenue and EBITDA profitability in FY27 through design-led differentiation and supply-chain efficiencies.
EV startup GreenCell Mobility has raised $34.6 million in an equity funding round to support the rollout of electric buses and streamline service delivery. Additionally, the National Payments Corporation of India has postponed the re-introduction of merchant discount rate on select UPI transactions, now set to be implemented "immediately after Diwali".
Finally, Kamaldeep Singh has stepped down as CEO of the struggling ecommerce unicorn DealShare to join Indofast Energy as its new CEO.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
