10 January 2022, Mumbai:
Ninjacart, a supply chain startup for fresh produce, has executed an ESOP buyback worth Rs 100 crore. underscoring a growing trend among Indian startups to enrich their employees and retain them in a highly competitive hiring environment.
ESOP
Both current and former employees of the Bengaluru-based firm are eligible for the ESOP buyback programme, which also gives them the option to entirely sell their vested employee stock ownership plans.
This is the company's second ESOP buyback The first one was conducted in 2019.
An ESOP is an employee benefit plan which gives a company's staff ownership of the firm through equity shares that they can sell at certain times.
(The news article has not been edited by DFU Publications staff)
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