VIDEO - Plan to turn India biz profitable next year: Urban Company

India’s largest homes services marketplace Urban Company—which is valued at $2.1 billion—plans to turn its India business profitable next year. Speaking exclusively to Fortune India, Varun Khaitan, co-founder, Urban Company says, “If we want to be profitable, we could be profitable next month.” Instead, the company chose to expand and invest more in its services and offerings. From an economics and health perspective, the startup claims to have been unit positive since day one.

“We are still looking at turning the India business profitable next year. And internationally we will continue to invest more,” says Khaitan. The marketplace offers a variety of home services to consumers—including beauty treatments, haircuts, deep cleaning, plumbing, carpentry and appliance repairs. It has more than 35,000 service partners across 35 cities in India, the UAE, Singapore, Australia and Saudi Arabia.