large scale image
LCP Image

Back to TSCFM News

Indian start-ups offer more stock options to their staff

May 08, 2020

Indian start-ups offer more stock options to their staff

Indian start-ups offer ESOPs to their staff in a bid to retain them following broad pay cuts due to economic disruption caused by the outbreak of the coronavirus in the country.

Online food delivery giant Zomato, hospitality chain Oyo Hotels & Homes, grocery delivery company Grofers and mobility project Bounce, are amongst those bulking up worker inventory alternative option pools, after initiating revenue reductions, obligatory or voluntary, throughout the board.

Zomato initiated a voluntary earnings deduction program, which also offers affected workers extra stock in lieu of the cash cut from their paycheques.

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp