Cardekho announces $5 mil ESOP buyback
Some thing good in startup ecosystummm!
Buyback means they are opening up equity for more investors?
Anyone who has sold esops, should you sell it? Is it like stocks where holding it can give you more as company valuation grows?
I get you rarely get the opportunity to sell esops so you shud grab it, but companies like zerodha with consistent buy backs, isnt it better to not sell?
A lot many times, you don't have any option to hold it. The company basically coaxes you to sell all.
They are planning to go the IPO way hence buying those stock back from employees, made themself asset light by closing their COCO (company owned, company operated) CarDekho stores. Pivoted to the financing business, which is profitable. So overall good for both employees and the employer.
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