Dharana Capital invests $50M in Urban Company, India's largest ESOP liquidity event, with founder Vamsi Duvvuri joining the board.
India-based Dharana Capital invests Rs 400 crore ($50 million) in Urban Company, a home services platform, marking the largest ESOP liquidity event in the company's history. Dharana Capital's founder Vamsi Duvvuri will join Urban Company's board as a non-executive director. The investment is expected to support Urban Company's business operations, growth, and expansion in the Indian market, which is projected to reach $75 billion within five years.
July 17, 2024
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