More than anything, Paytm is synonymous with cashbacks. But, the flip side of the coin is equally rewarding. In a recent development, the employees of the company, owned by One97 Communications have drawn significant returns by liquidating the stocks owned by them via ESOPs (employee stock ownership plan). Following this secondary sale of stocks by employees, Paytm is now valued at $10 billion which makes it the second most-valued internet company in India. More than 200 existing and former employees traded their stock holdings in the company for a payout of nearly $47 million (₹300 crore). The new valuation is a brilliant upsurge from the company’s valuation in May 2017 which is when it weighed at $7 billion after an investment of $1.4 billion from Softbank. With this, the multi-armed enterprise lags behind only Flipkart, which is estimated to be worth $12 billion. Paytm, with a workforce of 5,000, rewards its employees with ESOPs taking multiple criteria into considerati...
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