Urban Company CEO Abhiraj bhal: Vy Capital buys $5 million worth Esops According to Urban Company CEO Abhiraj Bhal About 183 employees at Urban Company, across designations & roles, were eligible to participate in the latest Esop transaction at Urban Company, of which about 120 people, ranging from call centre executives to senior leadership, at Urban Company participated. Existing investor in Urban Company (formerly UrbanClap) Vy Capital has picked up employee stock options (Esops) worth about $5 million in Urban Company through a secondary transaction. The UAE-based fund VY capital, which also counts online food delivery major Zomato, NoBroker and MagicPin among its portfolio, has been an investor in Urban Company since 2017.
Abhiraj Bhal, Urban Company CEO, Raghav Chandra & Varun Khaitan, Co-founders (from left to right) It holds 10.3% share in Urban Company, according to data collated by Tracxn. According to the CEO of Urban Company Abhiraj Bhal, about 183 employees, from different designations were eligible to participate in this ESOP transaction event, of which about 120 Urban Company employees, ranging from call centre executives to senior leadership, participated. In 2017, UrbanClap, as it was known earlier, had undertaken a $1 million Esop sale round, which was followed by a $2.5 million secondary round in December of 2018. That coincided with the Urban company’s primary fundraising round, in which it had raised $50 million led by London-based firm Steadview Capital.