- The payout was given as compensation for the loss of value after the separation from PhonePe.
- The cash benefit will go to more than 24,000 current and former employees, making it the largest one-time cash payout in India’s startup ecosystem.
- The announcement comes at a time when ESOP buybacks have dwindled, signalling the journey ahead for budding ‘unicorns’ in terms of fair ESOP distribution.
Menu
