Startups

Explained: Why has Covid-19 made ESOPs popular?

2 Oct, 2020

Since the start of the Covid-19 pandemic, TechCircle reported about as many as 12 technology companies rolling out stock options schemes or expanding their stock option pools for employees. The list includes budget hospitality firm OYO, ride hailing service provider Ola, food delivery company Swiggy and edtech startup Unacademy. Watch the video for a primer on how employee stock ownership (ESOP) schemes work, and why there is a sudden rise of interest in the corporate tool during a pandemic stricken business climate.

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