esop

Trumpeting a landmark achievement, Swiggy CEO Sriharsha Majety said in a blog post on Thursday that the company’s food-delivery business was in the black in March, excluding employee stock option plans (ESOPs). “As of March 2023, Swiggy’s…

Amid the dark clouds of sharp valuation markdowns for tech companies, Swiggy's CEO Sriharsha Majety announced that its food-delivery business had turned profitable in March, Esop costs aside. This and more in today’s ETtech Top 5.Also in…

BOCA RATON, Fla., March 31, 2023 /PRNewswire/ -- The Sclafani Family, owners of Multi Image Group (MIG), proudly informed employees that the company formed an Employee Stock Ownership Plan (ESOP), and, in doing so, has joined the growing…

Data analytics company Tredence on Thursday announced its second employee stock ownership plan (ESOP) buyback programme worth $30 million (Rs 240 crore), two months after it closed a $175 million funding.The buyback will include over 270…

The cofounders of PhonePe, Sameer Nigam and Rahul Chari, are expected to receive individual cash payouts of $20-25 million by completely liquidating their stock options in erstwhile parent company Flipkart, according to people aware of the…

Even as the government proposed to expand the scope of tax sops offered to startups eligible under the Startup India scheme, industry experts said the measures would apply to less than 1% of the 84,000 startups registered with the…

As the Flipkart- PhonePe separation process was formally announced on Friday, Kalyan Krishnamurthy, CEO of the Flipkart group, sent an internal note to the web e-tailer’s employees informing them about "a one-time discretionary cash payout…

Startups have hunkered down to allow the stormy blast of a protracted funding winter to pass, but some in the industry are still very much keen on rewarding loyal talent – now. Amritha Paitenkar, 30, is one such fortunate startup executive…

On-demand work fulfilment platform Awign has announced its first employee stock option plan (ESOP) and buyback programme worth Rs 4 crores, the company said in a statement issued today. Under this programme, eligible employees will be able…