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PHONEPE ESOPS
Razorpay set for confidential IPO filing; valuation may fall to around $5 billionThe fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walm...
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
What led to PhonePe delaying its IPO? Beyond war, valuation a major concernPhonePe IPO delayed: PhonePe has postponed its $1.3 billion IPO due to volatile markets, valuation concerns and geopolitical tensions. The ...
Paytm's ESOP spends relatively low compared to other new-age tech companies: ReportPaytm has one of the lowest employee stock ownership plan (or ESOP) costs in the industry and spends low proportion of its revenue on stock...
PhonePe IPO at $15 billion: Can the marquee valuation trigger a re-rating for its rival Paytm?PhonePe’s proposed IPO at a $13–15 billion valuation could become a landmark fintech listing in India and may trigger a valuation re-rating...
PhonePe FY23 revenues rise 77% to Rs 2,914 crore; payments business eyes operating profitThe company says the growth was driven by market expansion, leadership in the digital payments market, and the launch and scale-up of produ...
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.
Flipkart-PhonePe spilt: Flipkart staff to receive $700 million cash payout this monthEligible former and current employees will receive $43.67, or about Rs 3,615 for each unit of Esop they hold in Flipkart as compensation fo...
PhonePe separation official; online payments firm to be India-domiciled nowHive-off comes on the back of PhonePe’s funding round of $1.5-2 billion at a valuation of $12 billion
Nearly $700 million cash payout in store for Flipkart employees after PhonePe hive offEmployees who hold stock options in Flipkart will be paid cash equal to the value of PhonePe within those holdings, as the digital payments...
Flipkart may go for $700 million Esop buyback as part of PhonePe financing roundThe buyback, likely the largest in India’s new-age internet economy, is part of PhonePe’s latest $1.5-2 bn funding round led by Walmart
PhonePe's revenue jumps 138%, losses narrow marginallyOverall losses, excluding Employee Stock Ownership Plan (Esop) costs, narrowed marginally to Rs 827 crore in the same period.
PhonePe shifts headquarters from Singapore to IndiaThe fintech firm has moved businesses and subsidiaries of PhonePe Singapore, including its insurance broking services and wealth broking se...
Thirty five non-founders now in Rs 100-crore stock options clubThe cohort is expected to rack up 100 members by the end of next year, according to estimates by Longhouse.
Esops worth Rs 3,200 crore bought back by startupsIn the last few months, companies have come up with attractive Esop liquidity plans.
PhonePe conducts Rs 135-crore ESOP buybackPhonePe, part of the Walmart-controlled Flipkart Group, has conducted ESOP buyback worth Rs 135 crore, but the company founders—Sameer Niga...
Amazon-backed Acko concludes first ESOP liquidity programmeAcko employees who have completed three years at the organisation were given the option to liquidate 40%-100% of their vested employee stoc...
PhonePe allots stock options worth $200 million to employeesFlipkart had announced the partial spin-off of PhonePe, as the digital payment firm had raised $700 million in funding, valuing it at $5.5 ...
No more a fable, ESOPs reach rank and file of startups in IndiaA handful of startups, including PhonePe, Licious, ShareChat and Wakefit, have recently rewarded employee stock ownership plans (ESOPs) to ...
Flipkart completes its ESOP repurchase plan of over $100 millionMore than 3000 current and former employees of Flipkart, its fashion arms Myntra and Jabong and its payments arm PhonePe participated in th...