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Indian Startups Splurge $440m on Stock Rewards in 2021: Mint

This year 32 startups spent about $440 million to buy back employee stock options (Esops)

Flipkart led the pack by buying back Esops worth ₹600 crore, or $80 million. Photo: Reuters


Indian startups are sweetening deals to hire and retain employees in an increasingly competitive market, Mint reported.

In the year to date, 32 startups in the country have spent nearly 3,000 crore rupees – about $440 million – to buy back employee stock options (Esops), an analysis showed.

Read the full report: Mint.




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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.


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