Apart from the mega $700 million ESOP cash out of Flipkart-PhonePe, the total value of ESOP liquidity events in 2023 fell to $112 million, when compared to $292 million of 2022 and $423 million of 2021
These ESOPs are aimed at giving employees high ownership while also providing them with opportunities for wealth creation, according to Meesho founder and CEO Vidit Aatrey.