Ninjacart exercises ESOP buyback for current, ex-employees

Ninjacart exercises ESOP buyback for current, ex-employees

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.

Startup ESOPs: Software startup Browserstack completes first ESOP buyback -  The Economic Times

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.

retail.economictimes.com 

(The news article has not been edited by DFU Publications staff)

 

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