ESOPs Galore: Indian Startup Employees Made Over $196 Mn Through Buybacks In 2022
India, Jan. 5 -- As the startup ecosystem grows in the country, one of the trends that has picked up over the last few years is startups offering employee stock ownership plans (ESOPs) to employees to reward them. ESOP buyback by Indian startups saw a sharp increase in 2022 following the funding boom of 2021.
ESOPs are a way of rewarding the employees and also have them invested in the success of the startups. ESOPs act as an additional income source for employees.
As the Indian startups grew and raised new rounds of funding, the year 2022 saw many of them rewarding their employees through ESOP buybacks. Swiggy, Razorpay, PineLabs and RebelFoods are among the major startups which opted for ESOP buybacks in 2022.
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