It may be a share bonanza for employees of startups this festive season as Swiggy and Tata Digital are looking at ESOP plans to retain and woo employees.
The Bengaluru-based food delivery platform Swiggy said employees will be able to tender shares they hold in the company twice over the next two years. The entire exercise worth $35-40 million, pegged to its current valuation of $5.5 billion.
Also watch: Freshworks mega debut on Nasdaq; Indian SAAS startup creates 500 crorepatis in a first of a kind listing
Tata Digital, which houses consumer-centric digital businesses for the billion dollar conglomerate may offer employee stock ownership plan (ESOP) to all its employees in a bid to attract and retain good talent reports ET.
Recently startup Freshworks created 500 crorepatis from it's Nasdaq listing due to it's large ESOP program.