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One in three startups that carried out ESOPs buyback became a unicorn (valued over $1 billion) this year, as per a report.
According to Longhouse Consulting, Flipkart has the largest ESOP pool of $2.2 billion.
Abhinav Sinha, the global chief operating officer and chief product officer at OYO, has shareholdings worth $147 million in the company.
Stock option plans (ESOPs) have been an effective way to push employees to work hard for their company’s success and get rewarded by it too. These employees have already started getting their returns as well.
As per a VC circle analysis, 32 Indian startups have spent close to ₹3,000 crore ($440 million) to buy back stock options from the employees. One in three startups that carried out ESOPs buyback became a unicorn (valued over $1 billion) this year.
According to Longhouse Consulting, Flipkart has the largest ESOP pool of $2.2 billion. It is followed by Oyo with a $1 billion pool, Zomato $745 million and Paytm with $604 million ESOP pool. The list also features Swiggy, Ola, Byju’s, Nykaa, PolicyBazaar, ShareChat and Upgrad.
These 12 companies have given 35 of their employees stock options worth ₹100 crore ($13 million) so far, the report added. The consultancy firm has shared a list of 20 such employees who reaped the benefits of these ESOPs policies.
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Abhinav Sinha
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Global Chief Operating Officer and Chief Product Officer at OYO | Shareholding: ₹1100 crore ($147 million)