Bengaluru: ESOPS, which is more than $ 400 million, was bought back by the Indian startup in 2021, according to a report on Startup by the Nasscom company and Zinnov consultation.
More than 10,000 employees benefit from this purchase.
The ESOP pool has grown to $ 900 million with revised policies, the report said.
Sebi changed last year’s rules to allow the esops to be given even to employees on contracts, and those who did the trial period before confirmation.
Many new era companies have bought back employee stock options to respect them.
ESOPS has emerged as a talent retention tool and has become an integral part of the startup compensation strategy.
Data shows that there are 50 startups with quite large eSOP repurchases including the browser ($ 50 million), Swiggy ($ 40 million), an increase ($ 29.
5 million), Zerodha ($ 27 million), sidaan ($ 23 million) , and Sharechat ($ 19 million).
Flipkart last year bought back ESOPs worth Rs 600 Crore ($ 80.
5 million), creating many million billionaires.
The IPO has also turned into a large liquidation event.