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WHATFIX ESOP
Warburg Pincus-backed Whatfix lays off 6% of staff; trims sales, marketing rolesThe Bengaluru-based firm has handed pink slips to employees in its sales and marketing teams as increased adoption of artificial intelligen...
Swiggy allocates 2.61 crore shares to staffSwiggy has rolled out three Esop plans so far—one each in 2015, 2021 and 2024. This aggregates to a pool of almost 230 million shares.
Razorpay grants Esops for Rs 1 lakh to over 3,000 employees on ten-year anniversaryEsops are a popular tool for wealth creation for Indian startups. However, it is uncommon for companies to undertake such initiatives on a ...
Swiggy’s IPO to unlock Rs 9,000 crore in Esop wealth for 5,000 employeesSo far, Swiggy has distributed Rs 500 crore in Esops, and the public listing could significantly boost returns for employee shareholders. S...
SaaS startup Everstage raises $30 million from Eight Roads Ventures, othersEight Roads Ventures contributed over 50% of the round, while the remainder came from Elevation Capital and 3one4 Capital. Everstage also a...
Infosys updates hiring process; govt pulls up Ola ElectricHappy Tuesday! Infosys has put in place a new recruitment system to combat fraudulent hiring practices. This and more in today’s ETtech Mor...
SaaS firm Whatfix rolls out $58 million buyback programme for employees, investorsThis buyback is being done at a premium to its second-last funding round, where eight current and former executives sold their vested stock...
India to drive cloud demand: SAP; Cult.fit eyes IPO in 12-18 monthsTerming India “one of the fastest growing markets (for SAP) in enterprise and mid-market segment,” Scott Russell, executive board member, c...
IT firms, startups resort to 'stealing' to hire the best from rivalsHiring managers have been told to reduce timelines for CV feedback, minimise rounds of interviews by combining interviewers as panels, cut ...
Zomato's earnings report, Stellaris' second India fundZomato's loss widened to Rs 360 crore in the April-June quarter on the back of revenue that increased 22% to Rs 844 crore. Stellaris Ventur...
Indian startups are on a CXO hiring spreeThey are also allocating more capital than ever before towards talent acquisition.
Startups have an Esops fable to tellAs valuations zoom and buybacks rise, more employees opt for stock options
ETtech Deals Digest: DealShare, Shiprocket raise funds this weekStartups raised smaller funding rounds this week compared to the previous one. Social commerce platform DealShare and logistics aggregator ...
Exclusive Zomato IPO detailsIn today's ETtech Morning Dispatch: Exclusive details on Zomato IPO; One97 to file Paytm IPO papers next week; Udaan's business back to pre...
Whatfix unveils its first-ever Esop buyback schemeAll current and former employees will have the option to liquidate up to 35% of their vested Esops under the buyback.
Crypto boomersIn today's ETtech Morning Dispatch: Boomers are signing up to invest in crypto, Mamaearth may land new financing and SoftBank rejigs InMobi...
Fake-news virusAlso in today's ETtech Morning Dispatch: Delhi lockdown threatens e-commerce operations, SaaS startups in the dealmaking picks up in the se...