Esop, Startup hiring, Esops, Nykaa, employee stock options, Droom, Paytm, Zomato, CXO, Sandeep Aggarwal, Zomato's blockbuster listing, Policybazaar, launched Esop buyback

An aspirant to a leadership-level job at newly minted unicorn Droom told his interviewer, chief executive Sandeep Aggarwal, that he was willing to take up to a 50% cut in cash compensation for a bigger chunk of employee stock options (ESOP), assured that such a package promises both bigger future upside and sufficient near-term liquidity.

Similarly, a CXO-level hire at a fintech opted for a compensation structure tilted rather heavily toward Esops instead of cash when given a range to choose between the two.

Esops are now much more than the proverbial flavour of the season in startup India, with equity getting a disproportionate share in compensation packages built for top roles - especially in the aftermath of Zomato's blockbuster listing last week.

Several factors besides the recent listing of the food services platform are at work, although the likelihood of immediate initial public offerings (IPO) by startups is the biggest draw-card. Paytm, Nykaa and Policybazaar are among the bulge-bracket startups headed for their trysts with destiny on D-Street while a number of others including Razorpay and Wakefit have launched Esop buyback plans, fuelling a renewed interest in these instruments that seemed to have lost their lustre over the past few years.

Headhunters and startup bosses say executives are negotiating hard to bump up the Esop components in their pay.

Latest breaking 24h news around the world Latest breaking 24h news around the world - Page 2 Latest breaking 24h news around the world - Page 3


LATEST NEWS

NEWS RELATED

Reliance Retail to soon start selling cosmetics online

Reliance Retail is foraying into the intensely competitive online retailing of multi-brand beauty and cosmetics business, taking on Nykaa, Myntra and Tata’s proposed similar ecommerce business, multiple people familiar with the development said.One of them said Reliance Brands, Reliance Retail’s unit that sells upmarket brands, has devised a two-pronged strategy…

Read more: Reliance Retail to soon start selling cosmetics online

Paytm staff, ex-employees convert Esops to shares worth Rs 182 crore

Paytm recently granted new employee stock ownership plans (Esops) to 166 former and current employees, which were then converted into shares of the company, latest regulatory filings with the Registrar of Companies showed. The development comes ahead of the Noida-based company’s planned initial public offering (IPO) slated for November. Cumulatively,…

Read more: Paytm staff, ex-employees convert Esops to shares worth Rs 182 crore

CXO hiring on steroids as India Inc steps on the gas

“At this point, we’d like each of our consultants to have four hands and 10 heads just to be able to cope,” laughs K Sudarshan, managing director of EMA Partners India, referring to the rush of CXO hiring mandates that have been coming the executive search firm’s way. Navnit Singh…

Read more: CXO hiring on steroids as India Inc steps on the gas

India’s used car market to see significant, tech-driven growth: Report

Bengaluru: India’s used car market is likely to see significant, technology-driven growth in the coming years as people shun public transport in the aftermath of the Covid-19 pandemic, according to a new report. The car services and repairs market is likely to grow at a compounded annual growth rate of…

Read more: India’s used car market to see significant, tech-driven growth: Report

India’s used car market to see significant, tech-driven growth: Report

Bengaluru: India’s used car market is likely to see significant, technology-driven growth in the coming years as people shun public transport in the aftermath of the Covid-19 pandemic, according to a new report. The car services and repairs market is likely to grow at a compounded annual growth rate of…

Read more: India’s used car market to see significant, tech-driven growth: Report

Startups are the new wealth creators in India, PM Modi says in I-Day speech

Mumbai: Yesterday’s startups are today’s unicorns, Prime Minister Narendra Modi said in his Independence Day speech on Sunday, underscoring the record fundraising and surge in valuations that India’s new-age economy has seen so far this year. Thousands of startups have emerged during the pandemic times, some of them are becoming…

Read more: Startups are the new wealth creators in India, PM Modi says in I-Day speech

Licious opens its first-ever Esop buyback option worth Rs 30 crore

Tech-first full-stacked direct-to-consumer fresh meat and seafood brand Licious has opened its maiden employee stock ownership plan (Esop) monetisation option for its employees, said a statement issued today. For the first time ever, the blue-collared workforce along with other eligible employees will be able to monetise their Esops. The buyback…

Read more: Licious opens its first-ever Esop buyback option worth Rs 30 crore

Oyo aims for India IPO in 2021

Oyo Hotels and Homes will soon join the list of startups launching an initial public offering (IPO) in the country. Internally, the hospitality company has set a timeline of September for filing its IPO prospectus and wants to be a public company before the calendar year ends, people aware of…

Read more: Oyo aims for India IPO in 2021

IPO-bound Paytm seeks shareholders' nod to double ESOP pool

IPO-bound Paytm to expand ESOP pool, calls EGM on September 2

Now, techies with chops are calling the shots in job market

Post-IPO, Nykaa founder Falguni Nayar will remain in the saddle

IPO 'Nykaa' | Meet Falguni Nayar, the brain behind the beauty startup bracing for 4000-crore listing

IPO 'Nykaa' | Meet Falguni Nayar, the brain behind the beauty startup bracing for 400-crore listing

Nykaa IPO: 5 charts to explain the beauty startup's listing journey

Nykaa IPO | Who will participate in OFS, usage of share sale proceeds & the 'beautiful' opportunity; check key details from DRHP

OTHER NEWS