ESOP
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D2C menswear brand XYXX launches first-ever ESOP buyback program for employees
XYXX, the D2C menswear brand, announced on Monday its first Employee Stock Ownership Plan (ESOP) buyback program.The Amazon-backed startup stated that it had initiated...
Meesho announces its largest ever ESOP buyback, allocating INR 200 Cr for employees
Meesho has announced an Employee Stock Ownership Plan (ESOP) buyback program of INR 200 crore (approximately $25 million), marking it as the company’s largest...
Nykaa continues strong growth trajectory: Q3 net profit doubles YoY to INR 17.4 Cr
Nykaa, a prominent player in the beauty and fashion e-commerce sector, witnessed a significant surge in its consolidated net profit during the December quarter...
Fidelity slashes Meesho’s valuation again, now at $3.5 Billion – a 29% drop from previous high of $4.9 Billion
The US-based asset management company Fidelity has once again lowered the valuation of Meesho on its books, now assessing the e-commerce startup at $3.5...
mCaffeine unveils ESOP plan; to allocate 10% of shares to employees
mCaffeine, a personal care brand, has announced its Employee Stock Ownership Plan (ESOP) for its employees, as mentioned in a recent press release.With this...
Mamaearth employees set to divest INR 150 Crore worth ESOP shares in block deal
Employees of Honasa Consumer, the parent entity of Mamaearth, are reportedly contemplating the sale of shares worth INR 150 crore in a block deal...
Zepto’s FY23 revenue soars to INR 2,024 Cr with 14-fold growth, but losses triple
Zepto, the 10-minute grocery delivery service, experienced a remarkable 14-fold growth in the fiscal year ending in March 2023. However, the Mumbai-based company also...
Zomato grants INR 2.52 Crore in ESOPs to reward dedicated employees
Zomato, the popular food delivery firm, has recently made an exciting announcement. According to a BSE filing on Monday, the company has granted employee...
Swiggy rolls out second tranche of ESOP liquidity programme worth $50 million
In a blog post on Monday, July 24th, the foodtech giant Swiggy announced the launch of the second tranche of its committed Employee Stock...
Avenue Supermarts records modest 2.3% YoY net profit growth in Q1 despite revenue surge
Despite a significant increase in revenue, Avenue Supermarts Ltd recorded a modest 2.3% year-on-year (YoY) growth in net profit for the quarter ending in...
Rebel Foods sets new benchmark in employee rewards with INR 550 Crore ESOP distribution
Rebel Foods, the leading global internet restaurant company, recently allocated ESOPs (employee stock ownership plans) to its vast workforce of over 5,000 employees spanning...
Zomato incurs INR 143 Crore expense in H2FY23 for CEO Deepinder Goyal’s ESOPs
Zomato's recent transactions filings with the exchanges have unveiled that the company bore a cost of INR 143 crore in the second half of...