Urban Company seeks fresh funding after 2025 IPO as InstaHelp continues to burn cash

Home services marketplace Urban Company is considering raising fresh capital a year after its initial public offering, as its new business line InstaHelp, which connects users with house helpers within 10 minutes, continues to be a drag on the company’s overall profitability. In a regulatory filing, the company said its board will meet on October 16 to consider raising funds via qualified institutional placement (QIB), preferential allotment, private placement or a combination of these.