Cars24’s ESOP cash-out scheme for its employees is worth INR 35 Cr
Swiggy and Meesho have also initiated an ESOP liquidation program worth around $7-9 Mn and $5 Mn respectively
Several Indian startups such as Unacademy, Zerodha, CarDekho, BharatPe, Vy Capital and Mobile Premier League have announced ESOP buybacks this year
Online used car marketplace Cars24 has joined foodtech unicorn Swiggy and online reseller network Meesho in offering an ESOP (employee stock ownership plan) cash-out scheme worth INR 35 Cr to its employees.
“Cars24 brings cheer to its employees this festive season by offering to buy up to 100% ESOPs worth INR 35 Cr. The initiative has been announced keeping in mind the support and trust that the employees showcased in the company during the difficult times,” a statement by the company revealed.
While Swiggy’s ESOP liquidation program was worth around INR 51-66…
