Urban Company Shares Surge 4% as InstaHelp Crosses 1 Million Monthly Bookings

• Urban Company shares gained over 4% on Monday, March 30, following a new milestone.
• Its InstaHelp platform achieved 1 million monthly delivered bookings in March.
• InstaHelp, offering housekeeping services like laundry and cleaning, operates in Mumbai, Bengaluru, Delhi NCR, Pune, and Hyderabad.
• Motilal Oswal initiated a 'neutral' rating, valuing InstaHelp at 1.5 times its FY28 EV/NTV, citing early-stage business and potential cash burn.
• SBI Mutual Fund recently increased its stake in Urban Company by purchasing shares worth ₹632.2 crore.