UC Earnings Index (H1 2022) | Urban Company partners benefit from steady earnings, and wealth creation and insurance instruments

One of our primary pillars under the Partner Enablement framework is improved earnings. And, we are glad to share that in H1 2022 too we have continued to perform well on this parameter.

Highlights

  • Top 20% UC partners earned an average of about INR 38,000 per month, net of commissions, fees, product costs and travel costs.

 

Our previous indices can be accessed here — Earnings Index Q2 FY22 and Earnings Index Q3 FY22.

UC Earnings Index H1 2022

Urban Company Earnings Index for H1 2022

The top 20% earned an average of INR 38,007 per month whereas partners completing >30 orders in a month earned INR 31,134 per month.

Urban Company partners across the platform earned an average of INR 22,765 per month, net of commissions, fees, product costs and travel costs. These average earnings of all partners were up ~4% from the OND 21 earnings.

To further break it down, hourly earnings for UC partners were at an average of INR 302 (~2% up from INR 297 per hour in the OND ’21 quarter).

Factors that contributed to the increase in earnings:

  1. Rapid growth in business: As the country moved out of the COVID-19 shadows and entered the summer season, our platform grew at a really fast pace. As the summers peaked, we saw strong growth on the back of demand for AC and appliance repairs services.

 

Table 1: Net earnings for all Urban Company partners in India for H1 CY 2022

Apart from this, we introduced a slew of initiatives for our partners:

  1. Partner Stock Ownership Plan (PSOP): We introduced a first-of-its-kind PSOP program to award stocks worth INR 150 Cr. to thousands of service partners over the next 5–7 years.



Source: The Urban Guide by Urban Company RSS Feed
Link: UC Earnings Index (H1 2022) | Urban Company partners benefit from steady earnings, and wealth creation and insurance instruments

Tags: