Meesho announces ‘ESOP for all’ program

Meesho, one of the fastest-growing internet commerce platforms in India, has introduced an ‘ESOP for all’ program “MeeSop”, which enables all full-time employee, irrespective of their tenure in the company or their seniority to be able to convert a maximum of 25% of their annual CTC into ESOPs, subject to a minimum of Rs 50,000. ESOPs thus granted, would be greater than 100% of the CTC relinquished, the company said in a press release on Friday.

“Our repeated and periodic buybacks ensure our employees continue to grow with us,” said Vidit Aatrey, Founder & CEO, Meesho. “The MeeSOP program takes this commitment further, breaking hierarchies to make every employee an owner, and providing more avenues for wealth creation. As we hire more talent, we will continue to provide our team with the means to realize their personal and financial goals with us.”

Unlike traditional ESOP plans - the MeeSOP program is completely inclusive, providing every employee, irrespective of their seniority, to benefit from Meesho’s rapid growth while ensuring 100% of the grant is vested by the end of one year. This provides both opportunities and control to opting employees and helps them cash in on Meesho’s frequent ESOP liquidation programs.


In October, Meesho announced a $5.5 million ESOP liquidity programme for all eligible current and former employees with vested stocks - its second liquidity programme in less than a year.