URBAN Companyy Robotti Future for Home Services and Salon

As artificial intelligence (AI) continues to redefine the industries, the co -founder of Urban Comparaj Singh Bhal said it looks at a future in which robots may become part of daily home services.

Speaking at the PROSUS Luminate event, he glimpsed it to a new chapter for the home services sector. “There may be a time when you have a human massacre,” he said. From cleaning and drawing to well -being treatments, robots can initially work as productive tools for professionals, but BHAL does not exclude the possibility of robots in the end some tasks completely.

For URBAN Company, which recently presented the Red Herring ProspeCtus (DRHP) draft, this vision indicates a significant development. The company is currently dependent on a trained workforce with more than 50,000 professionals. But the next stage can include mergement of automation for consistency, safety and accuracy. Among the total public subscription, URBAN Company is looking to collect 429 rupees through a new version of shares, while current investors will drop shares with a value of 1471 rupees in an offer for sale.

At the heart of this transformation lies one topic: the ability to afford costs. “In India, the ability to bear the costs will be at the heart of everything,” said Bahal. “Currently, there are a lot of these services on demand such as home services, food, grocery, etc., there are only about 5 % of India. The question is: How did this expand to 25 %?” He believes that the key lies in technology -based efficiency and internet penetration.

Bahl also referred to a shift in consumer behavior, especially between the urban middle class in India. He said: “This is a very local generation. People invest more time and money in building, constructing and decorating their homes. The house is now an extension of their personality.” However, despite the growing market, he added: “I don’t think very large companies have been created in this field, whether in home decor or home solutions. It is a mature category of turmoil but has not yet seen the type of innovation or investment it deserves in India.”

In the future, BAL expects that the next decade will witness “many measures that occur inside the consumer’s home – in various forms and forms.”