India sees more startups encashing Esops in 2024 in pre-IPO, secondary deals
1 week, 2 days ago

India sees more startups encashing Esops in 2024 in pre-IPO, secondary deals

Live Mint  

Employees of unlisted startups made a tidy sum from their ownership of employee stock options in 2024, with 26 such companies buying back the Esops in pre-listing and secondary transactions. “We have seen increased activity surrounding Esop liquidity in 2024 vs 2023," Qapita’s senior vice president Vikram Sivaraman told Mint in an email. While Esop buybacks help companies reward and retain employees, they also allow senior management to book profits at a later stage, especially during public listings. “Most companies allow their employees to sell a portion of their Esops as part of such pre-IPO rounds," he said, adding that he expected the trend to continue in 2025 with more startups going public.

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History of this topic

Layoffs decline 80% among startups in 2024
4 days, 2 hours ago

Layoffs decline 80% among startups in 2024

Deccan Chronicle  

The end of funding winter helped the startups stabilise in 2024 as the number of layoffs witnessed an 80 per cent drop against the previous year. However, startups shutting shop remained unabated indicating that investors were choosy about their funding plans.In 2024, the startup ecosystem saw around 4,700 employees being laid off. Swiggy ranked third with 350 affected employees, while …

India’s IPO market zoomed to $11.2 billion in 2024, set for record growth next year too, says report
1 week, 5 days ago

India’s IPO market zoomed to $11.2 billion in 2024, set for record growth next year too, says report

Live Mint  

India's initial public offering market reached a “historic milestone” as it doubled proceeds from $5.5 billion in 2023 to $11.2 billion in 2024, as per the Global Data report. “India's IPO market hit a bull run in 2024, with proceeds skyrocketing to $11.2 billion — more than doubling the $5.5 billion raised in 2023. Big Successes on List in 2024 …

Razorpay Announces ESOPs Worth Rs 1 Lakh For Current Employees On 10th Anniversary
2 weeks, 1 day ago

Razorpay Announces ESOPs Worth Rs 1 Lakh For Current Employees On 10th Anniversary

ABP News  

Razorpay has announced the allocation of employee stock ownership plans worth Rs 1 lakh for all its current employees. Harshil Mathur, Co-founder and CEO, Razorpay, noted, “The ESOP initiative is our way of ensuring every teammate shares in the success as we continue to innovate, simplify money movement, and create greater value for businesses in India and beyond.” Further, Shashank …

Razorpay allots ESOPs worth ₹1 lakh to all employees
Trending News
2 weeks, 2 days ago

Razorpay allots ESOPs worth ₹1 lakh to all employees

Live Mint  

Mumbai: Fintech company Razorpay on Tuesday said it is allotting share options worth ₹1 lakh to all its employees, as the business completes 10 years. The company has extended ESOPs worth ₹1 lakh to each of its over 3,000 employees, which will not be differentiated on the basis of role or tenure, Razorpay told Mint. The company also conducted another …

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart
Trending News
1 month ago

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

ABP News  

The equity markets are all set to witness major action on the intial public offering front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd. Along with five mainboard IPOs, six SMEs are also gearing up …

Swiggy IPO makes 500 employees 'crorepatis'; unlocks ₹9,000 cr worth of ESOPs
1 month, 3 weeks ago

Swiggy IPO makes 500 employees 'crorepatis'; unlocks ₹9,000 cr worth of ESOPs

The Hindu  

Swiggy’s much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the “crorepati” club, with the food delivery and quick commerce major’s listing poised to unlock ₹9,000 crore in ESOPs for 5,000 staffers, people aware of the details said. “The total Employee Stock Option Plan pool is worth ₹9,000 crore, with 5,000 past as well as …

From staff to millionaires: Swiggy IPO to make 500 employees crorepatis
1 month, 3 weeks ago

From staff to millionaires: Swiggy IPO to make 500 employees crorepatis

Live Mint  

Swiggy, the popular food delivery aggregator and a direct competitor to Zomato, made its highly-anticipated stock market debut on November 13. On the Bombay Stock Exchange, Swiggy’s shares opened at ₹412, marking an increase of 5.64% from the IPO price. According to the company’s Draft Red Herring Prospectus report, the total number of outstanding ESOPs as of September 2024 stood …

Swiggy’s IPO to unlock ₹9,000 crore in ESOP wealth for 5,000 employees: Report
1 month, 3 weeks ago

Swiggy’s IPO to unlock ₹9,000 crore in ESOP wealth for 5,000 employees: Report

Hindustan Times  

The Swiggy IPO will unlock ₹9,000 crore worth of employee stock option plans, turning nearly 500 of its employees into ‘crorepatis’ after its listing on Wednesday, November 13, according to an Economic Times report. However, according to the report, Swiggy's ₹11,300-crore-IPO was the biggest public offering by a technology firm since Paytm's public issue in 2021. According to the report, …

Inside Swiggy's listing gains: 70 dollar millionaires, 500 crorepati employees
1 month, 3 weeks ago

Inside Swiggy's listing gains: 70 dollar millionaires, 500 crorepati employees

India Today  

Swiggy's IPO not only marks one of the largest listings in recent times for a new-age company but also brings substantial financial rewards for thousands of its employees. As the food delivery and quick commerce giant made its stock market debut on November 13, as many as 70 current and former Swiggy employees stand to become dollar millionaires, reported moneycontrol.com. …

How Swiggy listing turns its hundreds of employees into crorepatis overnight
1 month, 3 weeks ago

How Swiggy listing turns its hundreds of employees into crorepatis overnight

New Indian Express  

Shares of food delivery giant Swiggy, which debuted on the stock market on Wednesday following a successful IPO, began trading at a 7.7 percent premium over the offer price of Rs 390 per share on their first day. Before this, Flipkart executed a similar initiative, distributing a staggering 1.4-1.5 billion shares to its current and former employees, marking one of …

Swiggy IPO listing: Around 500 employees likely to become crorepatis
1 month, 4 weeks ago

Swiggy IPO listing: Around 500 employees likely to become crorepatis

India Today  

Swiggy’s much-anticipated IPO may not deliver major listing gains for retail investors, but it promises a significant windfall for employees holding ESOPs. Around 5,000 current and former employees are poised to benefit from an estimated Rs 9,000 crore in wealth creation through stock options, reported The Economic Times. Swiggy’s IPO, set to raise Rs 11,327 crore, has a price band …

Swiggy's $1.4 bn IPO fully sold, institutional portion 131% subscribed
2 months ago

Swiggy's $1.4 bn IPO fully sold, institutional portion 131% subscribed

Firstpost  

Swiggy’s $1.4 billion IPO was fully subscribed on Friday. The portion reserved for institutional investors was subscribed 131 per cent, while the shares earmarked for retail investors were 97 per cent subscribed Food and grocery delivery firm Swiggy’s $1.4 billion initial public offering was fully subscribed on Friday, as institutional investors rushed in with orders on the final day of …

Swiggy's Early Backers Set to Reap Multifold Gains in IPO
2 months, 1 week ago

Swiggy's Early Backers Set to Reap Multifold Gains in IPO

Live Mint  

Early backers of Swiggy are set to reap significant gains on their investments as the food delivery and quick-commerce platform goes public in early November. The price band for Swiggy has been fixed in the range of ₹371-390 per equity share with a face value of ₹1. The company plans to use the bulk of the proceeds (about ₹1,178.7 crore) …

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report
4 months, 2 weeks ago

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report

ABP News  

Swiggy IPO: Indian food delivery giant Swiggy, backed by SoftBank, is gearing up for a major initial public offering, targeting a valuation of approximately $15 billion, sources privy to the matter told news agency Reuters. Zomato, Swiggy's main competitor, has seen its shares more than double since going public in 2021, with a market valuation now reaching $28 billion. According …

Swiggy Looks At Pre-IPO Deal
8 months, 4 weeks ago

Swiggy Looks At Pre-IPO Deal

Deccan Chronicle  

Chennai: Food delivery service provider Swiggy is planning to go for a pre-IPO deal of offering shares to high net-worth individuals at 20 per cent discount. Ahead of the IPO slated to be held after the general elections, Swiggy is pitching for a pre-IPO deal to high net-worth individuals to buy its shares at 20 per cent discount on its …

Swiggy converts to public limited company ahead of IPO: What we know
9 months ago

Swiggy converts to public limited company ahead of IPO: What we know

Hindustan Times  

Swiggy IPO: Swiggy converted itself into a public limited company from a private limited company ahead of an expected stock market listing later this year, as per documents submitted by the firm with the Registrar of Companies. Swiggy IPO: Swiggy is expected to file a draft red herring prospectus in the next few months as it plans for a $1 …

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report
1 year, 5 months ago

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report

ABP News  

Defying global trends, the stock exchanges of India have topped global rankings in terms of the number of initial public offers. As per a report by Ernst and Young, the BSE and the NSE have jointly listed 80 firms till June 2023, which is 33 per cent higher than the 60 IPOs floated a year back. "Defying the global downward …

Used car buying, selling platform Spinny announces $12 mn ESOP buyback for current, ex-employees
3 years ago

Used car buying, selling platform Spinny announces $12 mn ESOP buyback for current, ex-employees

India TV News  

Spinny, a full-stack used car buying and selling platform in India, announces the completion of $12 million ESOP buyback. Recently, the company announced the closure of $283 million series e-funding round from global investors - Abu Dhabi-based ADQ, Tiger Global, Avenir Growth, Feroz Dewan’s Arena Holdings - and strategic investor - Sachin Tendulkar -- Indian cricket legend. Commenting on this, …

It's raining Esops in India this year
3 years, 1 month ago

It's raining Esops in India this year

Live Mint  

NEW DELHI : Startups are bending over backwards to sweeten deals to hire and retain employees in an increasingly competitive market. Year to date, 32 Indian startups have spent close to ₹3,000 crore, or about $440 million, to buy back employee stock options, a VCCircle analysis showed. This year, startups that offered to buy back Esops include BrowserStack, UpGrad, ShareChat, …

ESDS Software Solution files draft papers to raise funds via IPO
3 years, 4 months ago

ESDS Software Solution files draft papers to raise funds via IPO

Live Mint  

MUMBAI: ESDS Software Solution Ltd, a Nashik-based cloud services and data centre, has filed draft papers with the Securities Exchange Board of India to raise funds through an initial public offering. The OFS will see sale of up to 4.23 million shares by ESDS Partners LLC, up to 16.86 million shares by South Asia Growth Fund II LP. For fiscal …

From Zomato to Nykaa, Paytm, Oyo: Indian IPOs on track for a record year as startups soar
3 years, 4 months ago

From Zomato to Nykaa, Paytm, Oyo: Indian IPOs on track for a record year as startups soar

Live Mint  

The market for initial public offerings in India is turning into a feeding frenzy. If it reaches that level, the IPO would be the country’s largest debut ever, eclipsing the more than 150 billion rupees raised by state-owned Coal India Ltd. Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is aiming for an IPO as soon as the fourth …

Employees of B2B e-commerce platform Udaan set for Rs 175-cr ESOP bonanza
3 years, 8 months ago

Employees of B2B e-commerce platform Udaan set for Rs 175-cr ESOP bonanza

Business Standard  

Employees of B2B e-commerce platform Udaan set for Rs 175-cr ESOP bonanza The development comes at a time when the Bengaluru-based firm is witnessing a huge surge in business across its food, lifestyle and electronics verticals Premium Udaan co-founders Amod Malviya, Vaibhav Gupta, and Sujeet Kumar said leading investors had shown interest in a secondary stock buyout programme Peerzada Abrar …

'High Momentum': India Records 22 IPOs Worth Over $2.5 Billion in January-March Period
3 years, 8 months ago

'High Momentum': India Records 22 IPOs Worth Over $2.5 Billion in January-March Period

News 18  

India witnessed 22 initial public offers worth over $2.5 billion in the first three months of 2021 amid “high momentum” in the country’s capital markets and the trend is likely to stay bullish in the current quarter also, according to a report. “With a robust Q1, IPO market likely to stay bullish in Q2 2021,” it said, adding that India …

BharatPe creates employee stock options pool worth around $20 million
5 years ago

BharatPe creates employee stock options pool worth around $20 million

Firstpost  

Digital payments facilitator for small merchants and local kiranas, BharatPe has created an employee stock options pool worth around $20 million and is looking to hire 10 executives to lead its business verticals who will be given out shares from this pool. “My aim is to attract top-level talent from the industry across sectors like commerce, financial services and FMCG, …

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