Vy Capital buys Urban Company Esops worth $5 million

Date posted: Wednesday 26 August 2020

Existing investor Vy Capital has picked up employee stock options (Esops) worth about $5 million (about Rs 37 crore) in Urban Company through a secondary transaction, as part of the full-stack services marketplace’s third Esop buyback programme in the last three years. The UAE-based fund, which also counts online food delivery major Zomato, online realty platform NoBroker and rewards and cashback startup MagicPin among its portfolio, has been an investor in the Gurugram-based startup since 2017, having entered the cap table during its Series C funding round. It holds 10.3% stake in Urban Company, according to data collated by industry tracker Tracxn.

(ET Tech)