Article: Urban Company, partner create open-source ESOP framework for startups

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Urban Company, partner create open-source ESOP framework for startups

Urban Company, India and the UAE’s largest tech-enabled home services marketplace, has open-sourced a specially crafted ESOP (employee stock ownership plan) policy for startups in collaboration with MyStartupEquity, a platform of venture capital firm LetsVenture.

Urban Company, which is backed by Accel Partners, Ratan Tata, and Flipkart CEO Kalyan Krishnamurthy, said the framework is available free. With ESOP implementation generally being a tedious process, the framework aims to guide startups and other on structuring terms and conditions.

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