West indian people

19 people who became millionaires working for Indian tech startups

  • One in three startups that made the ESOP buyout became a unicorn (valued at over $ 1 billion) this year, according to a report.
  • According to Longhouse Consulting, Flipkart has the largest ESOP pool of $ 2.2 billion.
  • Abhinav Sinha, COO and Product Manager at OYO, owns a $ 147 million stake in the company.

Stock Option Plans (ESOPs) have been an effective way of getting employees to work hard for the success of their business and to be rewarded for it as well. These employees have already started to receive their feedback as well.

According to an analysis by the VC circle, 32 Indian startups spent nearly 3,000 crore ($ 440 million) to buy back employee stock options. One in three startups that bought out ESOP became a unicorn (valued at over $ 1 billion) this year.

That’s a lot since four startups have become a unicorn every month.

According to Longhouse Consulting, Flipkart has the largest ESOP pool of $ 2.2 billion. It is followed by Oyo with a $ 1 billion pool, Zomato with $ 745 million, and Paytm with an ESOP pool of $ 604 million. The list also includes Swiggy, Ola, Byju’s, Nykaa, PolicyBazaar, ShareChat, and Upgrad.

The 12 companies have so far given 35 of their employees stock options worth 100 crore ($ 13 million), the report added. The consulting firm shared a list of 20 of those employees who have reaped the benefits of these ESOP policies.


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