Urban Company

A viral social media video has triggered a debate over the treatment of gig workers after an Urban Company service professional claimed that a colleague was denied access to a customer's washroom after working for three hours at a Delhi home.

The Indian stock market closed with gains as US-Iran peace talks progressed, boosting pharmaceutical and technology stocks. The Nifty 50 rose 0.37% to 24,102, while the Sensex closed at 77,044, up 0.31%. Broader markets and various sector indices also recorded positive movements.

The company said the densification strategy is built around increasing the concentration of both customers and service professionals within small, neighbourhood-level clusters. The densification strategy is also central to InstaHelp, the company's on-demand household-help business.

Indian equities faced pressure on May 8, with Nifty 50 down 0.55% and Sensex down 0.67% due to geopolitical tensions from Iran-US clashes. Despite these declines, both indices ended the week with gains over 0.70%. Broader markets showed mixed results amid rising crude oil prices.

Buy or sell: Gift Nifty down, Vaishali Parekh recommends three stocks to buy today — Urban Company, Cipla, and KFin Tech

This strategic move marks Urban Company's expansion beyond beauty services, aiming to capture a rapidly growing market.

The equity funds recorded strong net inflows of ₹ 40,500 crore last month, up sharply from ₹ 26,000 crore in February, a 56% increase, even as the Indian stock market's benchmark indices posted their worst monthly fall in six years amid the US-Iran war-led selloff.

Urban Company experienced an 8% stock increase on March 30, driven by the success of its InstaHelp service, which surpassed 1 million bookings. While the stock has rebounded 12% this month, it remains significantly lower than its peak value.