SeriousProcastinator

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/

11mo ago

BiryaniEnthu

Stealth11mo

Buyback means they are opening up equity for more investors?

Train

Dunzo11mo

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

BiryaniEnthu

Stealth11mo

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

MarkZuckerberg

Meta11mo

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?

BloodDragon

Porter10mo

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

FunnyBones

Plivo11mo

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

cashborn56

Meta11mo

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

FunnyBones

Plivo11mo

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

car_guy

Stealth10mo

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.

Brutallyhonest

Stealth11mo

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RamsayBrothersUnilever9mo

https://indianstartupnews.com/news/edtech-startup-classplus-announces-its-second-esop-buyback-for-over-150-employees-3781872

Just like a wow

kashishEquityList16mo

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HereForGossipsStealth8mo

Meesho esops.. can someone explain?

https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/technology/meesho-announces-esop-buyback-of-rs-200-crore-likely-to-benefit-1700-employees-12452511.html/amp

A good news after loooong time.. whats the valuati...

stupidusernameStealth16mo

Are ESOP worth it? Did it make anyone billionaire?

I am in discussion with some very early stage startup and if things work out then will be part of the founding team. They have promised to give me same salary as the current company’s salary but give ESOP. Is ESOP worth it if you are fou...

saltGojek15mo

Swiggy ESOP buy back: anyone has the scoop on this?

Would you rather sell at a devaluation and access liquidity or hope that next buy back allows you greater rewards?

Or get it on the stores.

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