Stocks

HomeLane buys back ₹27-cr ESOPs

Our Bureau | | Updated on: Jan 11, 2022

Home interiors start-up HomeLane has announced its Employee Stock Option Plan (ESOP) buyback worth ₹27 crore. This is the second ESOPs buyback by the company. It was initiated as part of the company’s $50 million Series E round led by IIFL AMC’s Late-Stage Tech Fund, OIJIF II (Oman India Joint Investment Fund) and Stride Ventures. HomeLane provided liquidity to all those who held vested ESOPs including active and former employees. Former employees were offered 100 per cent liquidity, while active employees had the option to exercise up to 35 per cent. Our Bureau

Published on January 11, 2022

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

COMMENTS
  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

You May Also Like

Recommended for you