News Update

CRED Announces ESOP Buyback worth crores!

• ByStartupStory     |    November 9, 2021

The fintech and eCommerce platform from CRED has announced that its cumulative Employee Stock Option Programme buyback for the year will be up to INR 100 Cr. The company’s newsletter read “Our growth over the past three years has been possible because of the collective conviction and contribution of the team.

Rewarding the commitment of our team members involves providing them ample opportunities to create wealth — helping them realise financial goals and invest in their future,” In FY20, CRED revealed its operating revenue of INR 52 Lakhs. The company made more revenue from interest on fixed deposits and current investments than actual revenue from operations.

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