Institutionalizes BharatPe buying back the 1st Vesting of every ESOP Holder. ESOP holders get INR 7 Lakhs / Share
New Delhi : BharatPe, India’s largest merchant payment and lending network company, has launched India’s first ‘ESOP Cheque Cash Karo’ scheme. All ESOP holders have been given option to sell back shares from their 1st vesting back to BharatPe.
BharatPe has one of the most progressive ESOP schemes amongst the startups. BharatPe has 6% (US$ 25M+) of its overall equity allotted to the ESOP pool. All employees are given ESOP Grant along with appointment letter. ESOPs carry ZERO strike price. The vesting is front ended in favour of employees with 25% vesting on year 1 and thereafter 2% every month. The employees are not required to exercise the ESOPs on leaving and can time it with a liquidity event anytime up to 5 years. Now with the ‘ESOP Cheque Cash Karo’ scheme, employees will be able to enjoy liquidity upfront which will establish ESOP as valuable and liquid currency.
Ashneer Grover, Co-Founder & CEO, BharatPe, said, “In Indian ecosystem, ESOPs have been one of the most abused and misunderstood instruments. Verbal grants, back ended vesting and last-minute changes to even documented ESOP grants have eroded employee faith in ESOPs.”
”BharatPe is pioneering welcome change in ESOPs. BharatPe ESOP grant is like a cheque in the hands of employees. We are encouraging our employees to bank their first ESOP cheque and enjoy the value they’ve created as cash in bank. BharatPe ESOP is not a mere promise – it is an appreciating currency. 1US$ = Rs.70; 1 BharatPe ESOP = Rs.7,00,000,” Ashneer added.
Geetanshu Singla, Head of Engineering, BharatPe, said, “Really happy that the company has announced buyback of the ESOPs during the pandemic to support current and even ex-employees. It’s like a post-dated cheque. This is the first and last time I’m exercising my stock options and will hold on to them, they will be the most valuable asset that I hold”
where buy clomiphene no prescription clomiphene usa cost of generic clomiphene pills how to buy cheap clomiphene clomiphene rx for men where buy generic clomid how can i get clomid without dr prescription
More articles like this would make the blogosphere richer.
I am in truth happy to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks for providing such data.
azithromycin 500mg tablet – ciplox buy online buy flagyl 400mg without prescription
motilium usa – purchase tetracycline cyclobenzaprine order online
augmentin 1000mg tablet – https://atbioinfo.com/ ampicillin online
esomeprazole us – nexiumtous esomeprazole 40mg usa
order warfarin 2mg – coumamide order losartan 25mg online
mobic over the counter – moboxsin.com mobic 7.5mg generic
prednisone 40mg us – corticosteroid order deltasone 40mg generic
non prescription ed pills – erectile dysfunction pills over the counter erectile dysfunction drug
amoxicillin usa – order amoxil purchase amoxil for sale
cheap fluconazole – https://gpdifluca.com/ buy diflucan for sale
cheap cenforce 50mg – cenforce 50mg brand buy cenforce 100mg online cheap
cheap cialis for sale – https://ciltadgn.com/ cialis black 800 to buy in the uk one pill
cialis sublingual – buy tadalafil cheap online safest and most reliable pharmacy to buy cialis
ranitidine 300mg pill – https://aranitidine.com/# brand zantac 300mg
This website exceedingly has all of the low-down and facts I needed adjacent to this participant and didn’t comprehend who to ask. https://gnolvade.com/es/comprar-cenforce-online/
Thanks recompense sharing. It’s top quality. https://buyfastonl.com/
Thanks recompense sharing. It’s acme quality. https://ursxdol.com/get-cialis-professional/
I’ll certainly bring back to be familiar with more. https://prohnrg.com/product/loratadine-10-mg-tablets/
Greetings! Jolly gainful suggestion within this article! It’s the scarcely changes which will espy the largest changes. Thanks a lot for sharing! https://aranitidine.com/fr/modalert-en-france/
The vividness in this tune is exceptional. https://ondactone.com/product/domperidone/
This is the stripe of serenity I have reading.
https://doxycyclinege.com/pro/spironolactone/
The depth in this tune is exceptional. https://lzdsxxb.com/home.php?mod=space&uid=5065840
buy forxiga medication – brand dapagliflozin forxiga online
how to buy orlistat – https://asacostat.com/ buy xenical tablets
More posts like this would make the online play more useful. http://zqykj.com/bbs/home.php?mod=space&uid=303395
You can shelter yourself and your stock nearby being heedful when buying panacea online. Some pharmacy websites function legally and put forward convenience, solitariness, rate savings and safeguards over the extent of purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/aricept.html aricept
More posts like this would make the blogosphere more useful. sildenafil pills 150mg
More peace pieces like this would insinuate the web better.