Urban Company Turns Profitable, Prepares for IPO

Urban Company, which offers home services, made a profit this year after losing money last year.

This turnaround was due to increased sales, operational improvements, and a special tax benefit.

Their services in India, like home cleaning, were very successful.

The company is planning to sell shares to the public (IPO) to raise money.

They also saw their international business grow.

The company has a large number of service professionals who earn more than the offline peers.