A Big Win Before the Big Leap
Urban Company, one of India’s most popular home services platforms, has pulled off a major turnaround. The company has reported a net profit of Rs 240 crore in FY25, swinging into the black for the first time as it gears up for its long-awaited IPO.
Founded in 2014 and headquartered in Gurugram, Urban Company saw its operating revenue jump by 38.2% year-on-year to…
Bessemer Venture Partners’ $350 Million India Fund: What It Means for Entrepreneurs
In exciting news for India’s startup ecosystem, Bessemer Venture Partners, a top US-based venture capital and private equity firm, has announced the closing of its second dedicated India fund, raising a massive $350 million. This new fund aims to support early-stage startups across a broad spectrum of…
Snapdeal founders Kunal Bahl and Rohit Bansal, through their investment vehicle Titan Capital, have made headlines with their remarkable exit from Urban Company, securing a staggering 200 times return on their initial investment. According to reports from The Economic Times, the duo invested Rs 57 lakh in Urban Company back in 2015, and their recent exit has yielded aggregate proceeds totaling Rs…
OfBusiness has extended its worker stock possession plan or ESOP by adding new choices. The leading group of OfBusiness has passed an exceptional goal to build its present ESOP pool from 666 choices to 1,728 alternatives, administrative filings show.
As per Fintrackr’s computation, the organization has added 1,062 new choices worth Rs 173 crore or $23.7 million to take the absolute ESOP pool…
Urban Company has been one of the modest bunch of organizations that has stayed a hot recommendation for top level financial backers since its origin in 2014. In the wake of fund-raising from Tiger Global, Vy Capital and Steadview, the organization has recently raised near $190 million in another round drove by Prosus (already Naspers).
Metropolitan Company has distributed 2,613 value shares and…
Home assistance commercial center Urban Company has made extra representative stock possession choices or ESOP, administrative filings show. The Gurugram-based organization has passed an exceptional goal to allow extra ESOP exercisable into 11,022 value shares.
According to Fintrackr’s assessments, the new expansion is worth Rs 129.03 crore.
The organization has additionally modified the terms…
Charge card charge installment application CRED has finished its first ESOP buyback program from existing and previous representatives. This is the principal ESOP liquidity program started by CRED in its two years of activities.
As per CRED, representatives who hold vested stocks were qualified to sell up to half of their vested ESOP partakes in the organization.
The $1.2 million worth ESOP…
