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ESOP BUYBACK NEWS
Former Flipkart group employees launch petition seeking inclusion in proposed $2 billion Esop buybackOn October 10, a group of former executives launched a petition aiming to bring together 20,000-30,000 former employees of Flipkart and its...- New-age firms' listing gains fade fast; IT deal renewal in focusHappy Thursday! Some of the best-received new-age IPOs are now trading below their issue price, ET analysis shows. This and more in today’s...
- More layoffs at Krutrim; PhonePe vs PaytmHappy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in today’s ETtech Morning Di...
- Seoul Semicon’s India plans; Specialty healthcare attracts VCsSouth Korea's Seoul Semiconductor is planning a manufacturing foray in India. This and more in today's ETtech Top 5.
- Inside Telegram’s leak economy; Flipkart employees’ latest windfallNon-consensual image rings are turning small UPI transfers into tickets to abusive, closed Telegram groups. This and more in today’s ETtech...
- Bhavish Aggarwal on Ola Electric IPO; direct commerce spikesHappy Tuesday! Ola Electric founder and CEO Bhavish Aggarwal spoke to us on taking the four-year-old EV startup public. This and more in to...
- How GenAI is aiding Indian GCCs; AI funding dipHappy Tuesday! India's global capability centres are evolving into front offices for multinational corporations. This and more in today’s E...
- Swiggy’s pre-IPO Esop sale; GST & ride-hailing appsFood delivery company Swiggy will buy back Esops worth $65 million, its fifth such exercise. This and more on today’s ETtech Top 5.
- Apple tops in blue-collar jobs; election merchandise now on ecommerceApple and its supplier network have become India’s leading blue-collar job creator since the start of the production-linked incentive schem...
- Pocket FM completes its first ESOP-buybackPocket FM, an audio series platform, has completed its first ESOP buyback valued at $8.3 million, allowing former and current employees wit...
- Walmart spent $3.5 billion to buy Flipkart shares from Tiger Global, Accel, Binny Bansal, others: FilingTiger Global and Accel Partners held about 5% collectively in the Bengaluru-based etailer. Tiger registered a $3.5-billion in profits on it...
- Titan to buy CaratLane employees’ ESOPs for around Rs 350 croreThe company has around 1,700 employees, and its ESOP pool holds around 1.5% stake. Following the purchase of Sacheti’s 27.18% stake in Cara...
- Flipkart pays $700 million Esop to staff post PhonePe splitMore than 24,000 individuals, including former Flipkart and Myntra employees, are eligible for payments from the buyback.
- $700 million Friday bonanza for Flipkart employees; Tax cuts at source on online gaming?It’s definitely a happy Friday for more than 24,000 current and former Flipkart and Myntra employees, as they receive a one-time cash payou...
- Elon Musk yet to release details of stock-based compensation plan to Twitter employees: reportIn an email to Twitter employees in November, Musk had promised that the company would ‘continue to provide stock and options as part of ou...
- Ninjacart raises $9 million from STIC, Mainstream Digital at a valuation of $812 millionThe latest funding comes on the back of Walmart-backed Flipkart investing over $145 million into the company in December. ET was the first ...
- Adani buys minority stake in Cleartrip; the Meta transformation of FacebookAs the travel and hospitality industry is witnessing a post-pandemic revival, the Adani Group today announced that it is acquiring a signif...
- Paytm shares IPO details, Twitter officials depose before panelFrom Paytm's IPO details to Grofers cofounder leaving the company and ShareChat's first ESOP buyback, here's a quick look at the top tech n...
- Walmart-Flipkart deal brings Esops back in the spotlightStartups fielding queries from staffers on how to exercise their rights over vested stock options
- Staff cheer ESOP buyback, but ex-employees unhappyA day after Flipkart’s cofounder Binny Bansal drew a loud cheer for announcing a 100% buyback option of vested ESOPs at the company’s town ...
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