Zenequity Issues- For ShareChat employees

Hi folks, I'm Kashish, the CEO of EquityList and Founder of Cloud Capital which I run as a solo GP. A little bit about what we do: EquityList is a full-stack equity management platform by AngelList India. Companies across India, US and Singapore use EquityList to manage their cap table, stock options (ESOP/SAR), shareholders, and related compliances. Managing equity for 10k+ stakeholders, 250+ companies and ~$1B in stock options. Cloud Capital has deployed $8M+ in 55+ startups such as Airmeet, Rupifi, Orange Health, DevRev, ZET (OneCode) and others. I've also angel invested in startups such as OSlash, Atlys, Chronicle, Even Healthcare and others. Excited to do this AMA, and look forward to answering any of your questions about ESOPs, cap table management, investing, entrepreneurship, and more! LinkedIn: https://www.linkedin.com/in/kashisharma

I have worked in a startup which gave me ESOPs. I left the company and they have passed on to me my share of vested ESOPs in zenequity. Do I need to mention this while filing ITR? Do I need to pay tax on it?

Hi Guys, Need your professional advice here So I had resigned from my company early this month, and kept the last working day on December 5th, which was accepted. A week after my resignation, I faced severe backache and visited the doctor. The doctor suggest a weeks rest and a month of wfh post, I submitted all the required medical certificates to my manager. Post this my manager stated that he will consider an early release option with the last date as next week, he will pay me only till my last date. I wanted to check if this is ethical, considering it will be a loss of pay of almost 2months. What could be my next steps here, as they didn't even ask me for my opinion but went ahead and processed this. I have worked here for almost 2years.

What is the current state of sharechat ? Last i heard, they were not doing well

Little context, I worked at a startup for 2yrs and got 50% of my esops vested. It's been 6 months now after I left the startup. Now, I am looking forward to buy my options which were bested and further sell it to folks interested. How should I go about it? Please suggest me how should I go about it. All kind of suggestions are welcome 🙌

People working at Paytm how are you dealing with the loss in equity? Is the company providing additional equity for the loss incurred this month? Is there any indication by the leadership on how they want to handle this?

This morning, ShareChat laid off twenty percent of it's entire staff. The laid off employees were locked out of their system and received the communication of their lay off in their personal email. This is the biggest layoff by ShareChat so far. Many of the features of the ShareChat and Moj app have been told to shut down and their entire team is fired. The employees are offered 45 days of severance pay, leave encashment, bonus and are allowed to keep their system with them.

As title says

Heard on Twitter that social media app ShareChat is going BUST. - At ~$42m revenue, it's valued at 120x rev - ~95m DAU in rural India - Founders cashed out $10m in secondaries. Is this true?