SparklyWalrus

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/

12mo ago

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ZestyQuokka

Stealth12mo

Buyback means they are opening up equity for more investors?

FluffyQuokka

Dunzo12mo

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

ZestyQuokka

Stealth12mo

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

WobblyPancake

Meta12mo

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

Porter11mo

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

FluffyNugget

Plivo12mo

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

BouncyPretzel

Meta12mo

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

FluffyNugget

Plivo12mo

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

PrancingPenguin

Jio12mo

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.