India, March 7 -- B2B agritech startup Ninjacart has expanded its employee stock option plan (ESOP) pool by adding fresh 2,397 new equity shares.

As a result of this, the ESOP pool will increase by 36% to 8,919 equity shares from 6,522 equity shares.

In a regulatory filing, the company said its shareholders approved the ESOP expansion through a special resolution at an extraordinary general meeting (EGM) held on January 17, 2025.

The filing further added that the current expansion won't affect the respective shareholding percentage of existing shareholders.

Founded by Thirukumaran Nagarajan, Kartheeswaran K.K., Vasudevan Chinnathambi, Sharath Loganathan, Ashutosh Vikram and Sachin Jose in 2015, Ninjacart is an agritech company that st...