New Delhi, Feb. 12 -- Saravanakumar, the founder of business-to-business software solutions (SaaS) AI start-up named Kovai.co, has given 140 employees a bonus of Rs.14 crore, according to a report by News18. When asked why, his response was simple: "Why do people work in startups? They hope to become rich."

Speaking to News18 about the unusually generous bonus, 48-year-old Saravanakumar said, "Why do people work in startups? They hope to become rich, but in most startups, employees get shares, which are only on paper."

He added that the big bonus was part of a promise he made employees, "I thought of giving something concrete to my employees. Three years ago, I said that if they stay with us, they will get a bonus equal to six months' s...