The move comes on the heels of the company’s $450 million Series H funding round, first reported by Moneycontrol, which values Zepto at $7 billion, up from $5 billion last year.
Headout says it is in the middle of a 'major expansion', aiming to launch in more than 500 cities within the next 18 months
Additionally, the Bengaluru-based company has granted 5,000 restricted stock units (RSUs) to eligible employees, which would vest equally over a period of four years.
To ensure that this relaxation is not misused, the regulator has also proposed a cooling off period between the grant of such options and the IPO
Startups are shifting from high fixed salaries to performance-linked MSOP grants as investor pressure to control dilution grows, the latest Total Rewards Benchmarking Report says
As many as 26 startups announced ESOP buyback programmes in 2024 and the number is expected to go up this year, as more new-age tech firms get ready to make their market debut
The ESOP buyback comes amid a turbulent period for India's skill gaming sector, which is facing a slew of challenges, including the impact of the 28 percent GST
WinZO stated that the ESOP buyback is a part of the skill gaming firm's efforts to attract and retain top technology and product talent amid ongoing headwinds in the sector including 400% GST increase.
ESOP buybacks will be taxed in the hands of the employee as ordinary income from October 1, whereas they are currently taxed in the hands of the company
Move will bring cheer to startups and investors
India’s Startup Ecosystem is pinning high hopes from the full Union Budget 2024 to bolster further growth among startups. Among the many demands that are being put forth by the industry are the scrapping of “Angel Tax”, increased allocation towards AI and many more. Moneycontrol’s Tech & StartUp Editor Chandra Srikanth tells Stacy Pereira about the different expectations of the StartUp community from FM Nirmala Sithraman. Watch to know more!
Shares will be sold as part of the ongoing secondary transactions where the company is valued at $9.3 billion.
As the value of ESOPs grows, it's possible for a large portion of your wealth to become concentrated in one stock. Diversifying into multiple stocks or ETFs can help create a more resilient portfolio
Top new-age companies like Paytm, Zomato, and Policybazaar spend hundreds of crores by way of remuneration for their top brass.
Food-delivery aggregator Zomato recently announced a significant allocation of Rs 3,780 crore in employee stock options to incentivise its top leadership, including founder Deepinder Goyal.
Paytm was the only loss-making company of this new-age lot during the quarter
While 12 of India’s most expensive realty purchases in 2022 were by top startup executives, the number halved to 6 in 2023, according to data from Zapkey
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
Paytm bucked the trend of reducing ESOP costs during the first half of this financial year.
Over 70 CaratLane employees will receive Rs 340-380 crore in ESOP payout as part of the deal that the startup struck with Titan.
The conversation with investors started before the fintech company became a unicorn, says Policybazaar founder
Unacademy, PhysicsWallah, Vedantu, Eruditus, and upGrad cumulatively spent more than Rs 2,250 crore on ads and promotions, and Rs 5,465 crore on employees but with funding winter and slower growth these excesses are becoming a thing of the past.
The wishlist ranges from making the deferment of ESOP tax payment available to employees of more startups to a reduction in MAT for eligible startups
Urban Company said that it has awarded company stocks worth Rs 5.2 crore to about 500 partners across India in November.