Urban Company's valuation rises to $2.8 billion in 4th ESOP sale programme

Home services marketplace Urban Company’s valuation has jumped 33 per cent in the past six months to $2.8 billion, thanks to its recently concluded fourth and largest employee stock ownership plan (ESOP) sale programme of $7.3 million (Rs 55 crore).

The ESOPs sold in this transaction have largely been purchased by existing institutional investors of the company. The company’s valuation was $2.1 billion for the Series F round in June.

“Since 2017, we have facilitated approximately Rs 100 crore worth of ESOP secondaries,” said Raghav Chandra, co-founder, Urban Company. “In our experience, such liquidation opportunities strengthen the faith our team members have