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Cardekho announces $5 mil ESOP buyback

Some thing good in startup ecosystummm!

https://startupstorymedia.com/insights-cardekho-group-announces-5-million-esop-liquidity-buyback-reports-strong-growth-in-fy23/

15mo ago
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ZestyQuokka
ZestyQuokka
Stealth15mo

Buyback means they are opening up equity for more investors?

FluffyQuokka
FluffyQuokka
Dunzo15mo

The company is buying back ESOPs from its employees. Basically the employees now get cash for their ESOPs

ZestyQuokka
ZestyQuokka
Stealth15mo

Arey thats one part of the story, stock options block the wo open ho gaye What happens after that

WobblyPancake
WobblyPancake
Meta15mo

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?

SquishyWaffle
SquishyWaffle
Porter15mo

A lot many times, you don't have any option to hold it. The company basically coaxes you to sell all.

FluffyNugget
FluffyNugget
Plivo15mo

I hope more companies do this and it becomes a common thing

BouncyPretzel
BouncyPretzel
Meta15mo

Already many startups did this in 2023 and more than 5000+ employees became crorepatis this year if we even include ipo listing

FluffyNugget
FluffyNugget
Plivo15mo

Hmm guess it doesn’t grab the same attention as layoffs do

PrancingPenguin
PrancingPenguin
Jio15mo

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.

SillyMochi
SillyMochi
Stealth15mo

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