Social Commerce Platform Meesho introduces ESOP Plan for all employees

• ByTejika Bajaj     |    November 20, 2021

The online commerce platform Meesho recently announced an “ESOP for all” programme under the name MeeSOP. The scheme allows all employees regardless of their seniority or tenure at the company to convert 25% of their CTC (Cost to Company) limited to Rs 50,000 into ESOP.

The company claims that the ESOPs thus granted would be more than 100% of the CTC relinquished by the employees.

Unlike other ESOP plans, the MeeSOP is completely inclusive and offer every employee regardless of their seniority to avail benefits from the rapid growth of the platform while also ensuring that the entire amounted is vested by the end of the year. This would allow the employees both control as well as opportunities to cash in on the frequent ESOP buybacks of the startup.

Talking about the concept and launch of MeeSOP, the Founder and CEO of Meesho, Vidit Aatrey expressed, “Our repeated and periodic buybacks ensure our employees continue to grow with us. The MeeSOP program takes this commitment further, breaking hierarchies to make every employee an owner, and providing more avenues for wealth creation. As we hire more talent, we will continue to provide our team with the means to realize their personal and financial goals with us.”

Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho is Bengaluru headquartered social e-commerce platform that allows small businesses and individuals to start their online business through social media channels like Facebook and Instagram.

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