Nuclei, A Fintech Startup Issues SARs For Its Employees Worth 25 Pc Of Its Valuation
- ByStartupStory | June 14, 2021
Nuclei, a fintech startup issues SARs for its employees, with this, 25 percent of the company will now be owned by its employees. stocks are worth Rs 25 crore considering the current valuation for the company stands at Rs 100 crore, distributed among 60 of its employees.
Ankur Joshi, Founder, Nuclei said regarding fintech startup issues SARs for its employees “In a business, there are teams, clients, and stakeholders. We don’t want the stakeholders and team to be different from each other. That’s why we want to give stake to the team. We aim to just focus on the team, which can become more than capable to take care of the clients.”
companies like BookMyShow, Jupiter Money, and Infibeam Avenues also issued SARs to their employees and now Nuclei, a fintech startup issues SARs for its employees . ESARs are essentially contracts that are signed between the employee and the company ESARs provide everyone participate in the upside as the company grows in valuation
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