Vy Capital To Buy Back Urban Company ESOPs Worth $5 Mn

On-demand home services platform Urban Company, formerly known as UrbanClap, has facilitated an employee stock options (ESOP) repurchase worth $5 Mn at $1,484 per share. Nearly 120 employees have taken part in the latest ESOPs transaction, which was picked up by existing investor Vy Capital.

Urban Company’s cofounder Abhiraj Bhal said that nearly 183 employees across designations and roles were eligible to participate in the latest ESOP transaction, of which 120 employees from call centre executives to senior leadership took part.

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