Urban Company’s Valuation propels to $2.8 BN post latest ESOP sale

Home service market place Urban Company announced on Sunday that it has concluded its fourth ESOP buyback program worth Rs 55 Cr. According to the official statement, the Bengaluru based company was valued at around $2.8 bn. The latest ESOP buyback has clearly resulted in good spike in valuation as the company was valued around…

ByGirish ShettiDecember 13, 20210Comments

Utility focussed

ESOPs Explained And Why Working With A Startup Could Be The Biggest Investment In Your Financial Future?

Milan Ganatra, CEO & Co-Founder of 1 Silver Bullet It is no secret that India’s vibrant startup ecosystem is the third-largest in the world. In the past five years, startups in India have created close to 5.5 lakh jobs and with an even younger workforce, these figures are only set to grow. One of the main…

ByGirish ShettiNovember 23, 20210Comments

News

Mitron Rolls out its Maiden ESOP scheme

India’s home grown video sharing app Mitron has rolled out its maiden ESOP scheme for its employees. The ESOP scheme has been titled as ESOP 2021. According to the regulatory filings, the Bengaluru bases company has allotted total 3,023 stock option under its maiden ESOS pool. Each stock option or equity share has been priced…

ByGirish ShettiMay 27, 20210Comments

News

Urban Company & LetsVenture create open-source ESOP Framework for Startups

India’s leading home service marketplace Urban Company has rolled out an open source ESOP framework policy for India’s startup ecosystem. To create this framework policy, it has collaborated with MyStartupEquity, a cap table and ESOP management product by investment firm LetsVenture. Urban Company and MyStartupEquity claim that ESOP is a generally tedious process and they plan…

ByGirish ShettiMarch 23, 20210Comments

News

After a mega series B round, Wakefit.co offers ESOPs worth INR 15 Cr

Wakefit.co, India’s leading D2C brand in the sleep and home-solutions space, announced on Friday that it is all set to offer its employees an Employee Stock Ownership Plan (ESOP) buyback option. The ESOP buyback will be worth INR 15 crore and will help Wakefit.co’s 15-20 employees in creating substantial wealth. Ankit Garg, Co-founder & CEO Wakefit The…

ByGirish ShettiJanuary 22, 20210Comments

Funding News

XpressBees Secures $110 Mn; Senior employees vest ESOPs worth Rs 33 Lakh

E-commerce focused logistic startup XpressBees has raised $110 Mn in series E round. Investcrop, Northwest Venture Partners and Gaja Capital has led this funding round. Image Source: Pixabay Earlier this year the Pune based logistic startup had raised $10 Mn from existing investor and e-commerce giant Alibaba. The company has said that it will utilize the latest capital…

ByGirish ShettiNovember 11, 20200Comments

Funding News

Exclusive: FabHotels raises 11 Cr from Existing Investor Accel India in ongoing series B round

Budget hotel chain startup FabHotels has raised INR 11 Cr from existing investor Accel India. Almost a month back the company had reportedly raised same amount of capital from RB investment. These fresh funding have come at a time when budget hotels are seeking to resurrect their business in the post-lockdown phase. Fab Hotels raises 11…

ByGirish ShettiNovember 3, 20200Comments

News

Exclusive: After funding juggernaut, Byju’s expands its ESOP Pool

Edtech major Byju’s has been in the thick of actions in 2020 despite the fact that the global startup industry has been reeling under the pandemic effect. The edtech unicorn raised massive funds through success funding rounds from global investors to become one of the most sought after Indian startup amid the pandemic. Now after pulling…

ByGirish ShettiOctober 1, 20200Comments

Acquisitions

Unacademy acquires CourSavy, allots 60 shares to CourSavy’s founder under ESOP scheme

Unacademy on Thursday announced that it has acquired leading UPSC CSE prep platform CourSavy for undisclosed amount. This is Unacademy’s fifth acquisition this year, after having acquired Kreatryx, PrepLadder, Mastree and CodeChef. This is also edtech major’s first acquisition after becoming unicorn following SoftBank led $150 Mn funding round earlier this month. The newly crowned unicorn…

ByGirish ShettiSeptember 24, 20200Comments

News

ShareChat infuses $14 Million to its ESOP pool, takes its ESOP pool to $35 Mn

Social media company ShareChat has decided to reward its existing employees by allotting fresh equity shares worth $14 Mn under its ESOP pool. With the fresh infusion of $14 Mn equity shares, the Bengaluru based company’s ESOP pool now stands at approximately $35 Mn. With the latest ESOP pool top-up, the company said that it has…

ByGirish ShettiSeptember 23, 20200Comments

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