Meesho announces ‘ESOP for all’ programme Meesho, one of the fastest-growing internet commerce platforms in India, has introduced an ‘ESOP for all’ programme “MeeSop”, which enables all full-time employees irrespective of their tenure in the company or their seniority to be able to convert a maximum of 25% of their annual CTC into ESOPs, subject to a
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
Synopsis
Browserstack s ESOP buyback comes at a time when several Indian startups Zerodha, Meesho, CarDekho, Urban Company, BraratPe, FirstCry, Unacademy, Shadowfax and Niyo have felt it necessary to reward their employees through wealth-creation opportunities.
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Bengaluru: Browserstack recently completed its first ESOP buyback, rewarding workers after the software products company posted strong growth during the Covid-19 pandemic and nearly doubled its headcount during the year 2020.
San Francisco- and Mumbai-based Browserstack said employees who had been with the company for over two years were eligible to participate in the buyback of employee stock ownership plans, and 50% of that eligible base took part in the exercise. It did not disclose more details.
Synopsis
A handful of startups, including PhonePe, Licious, ShareChat and Wakefit, have recently rewarded employee stock ownership plans (ESOPs) to their employees across the board.
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ESOPs for startups in India has been behind the curve compared to the US, where most startups offer it across the board. But the situation is now changing.
Mumbai: Employee stock ownership plans (ESOPs), which were once used as a tool to tie senior management to business objectives and make their pay competitive, is now being given out to employees across the board by some startups especially the ones in sectors that saw their business and revenue hit new benchmarks despite the pandemic.