ZERODHA ESOPS
The ET Startup Awards 2026 special
Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top founders, investors, and policymakers in Bengaluru for a Friday evening of sharp insights and spirited conversations.
Nithin Kamath says he wouldn’t launch Zerodha in 2025. Here's why
Zerodha CEO Nithin Kamath stated he wouldn’t launch a similar brokerage in today’s saturated market. Instead, he’d focus on niche offerings with fewer customers but stronger margins.
Zerodha to end zero-brokerage model; Unacademy lays off 250 employees
Online stock broker Zerodha will likely discontinue its zero-brokerage structure due to new Sebi rules. More on this in today’s ETtech Top 5.
Tata Digital's Esop delay; inside Nithin Kamath's Rainmatter
Hit by top-deck exits in the past year, Tata Digital, the ecommerce arm of the Tata Group, is trying to assuage senior executives who are still waiting for the stock option component of their pay. This and more in today’s ETtech Morning Dispatch.
Can dropping share prices may hurt employee morale for the likes of Paytm, Zomato? Nithin Kamath believes so
Technology stocks are down significantly in most countries. Some names in the US have dropped as much as 90 per cent. Many of the recently listed companies in India are also trading below their issue prices. They include names like AGS Transact, Paytm, PolicyBazaar, Fino Payments, CarTrade, Zomato, among others.
Meesho undertakes third ESOP buyback worth $5.5 million
Meesho, a social commerce platform that’s looking to take on Amazon and Flipkart in India’s ecommerce space, has repurchased ESOPs worth $6 million so far with across-the-board participation.
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Paytm staff, ex-employees convert Esops to shares worth Rs 182 crore
The development comes ahead of the Noida-based company’s planned initial public offering (IPO) slated for November.

Paytm staff eye Rs 600-crore ESOP share conversion ahead of IPO
Paytm is working with lenders to enable loans of around Rs 100 crore for its top executives, who are looking to convert their ESOPs into shares ahead of the IPO.

IPO-bound Paytm seeks shareholders' nod to double ESOP pool
The Noida-based firm has proposed to its shareholders an increase in the existing ESOP pool to 61,094,280 equity options at a face value of Re 1 each from the current 24,094,280 equity options.

Startups have an Esops fable to tell
As valuations zoom and buybacks rise, more employees opt for stock options

Whatfix unveils its first-ever Esop buyback scheme
All current and former employees will have the option to liquidate up to 35% of their vested Esops under the buyback.

Flipkart has plans to buy back ESOPs worth $125 million
Flipkart employees will have the option to liquidate their vested ESOPs. In 2018, when Walmart acquired Flipkart, it had reserved $500 million to buy back ESOPs from Flipkart’s staffers. The buyback had turned a few hundred Flipkart employees into millionaires. Flipkart employs over 15,000 full-time employees in India. ESOPs are a widely used retention tool. It allows employees to purchase the securities of the company at a predetermined price, within the defined exercise period.

ShareChat parent to buy back ESOPs worth $19 million
The ShareChat ESOP buyback plan comes a few months after the regional language social media platform raised $502 million at a valuation of $2.1 billion.

View: Can we have more Zerodhas, please?
Zerodha is proof that the old-style method of doing business—with bootstrapped funds, building a great product, letting word of mouth grow the business and focussing on customer value creation—still works.

Zerodha's profit more than doubled to Rs 1,000 crore in FY21, says Nithin Kamath
The company has recently been in the news after its board approved an enabling resolution to allow promoters of the bootstrapped startup to draw a salary of Rs 100 crore

Zerodha co-founders not drawing Rs 100 crore salaries: Nithin Kamath
Although the actual salary will be lower than the approved Rs 100 crore figure, it will still be higher than the norm, admits Zerodha CEO Nithin Kamath.

How many zeros in Zerodha's top paycheques? Nine
With a Rs 100 crore salary each for founder Kamath brothers and director Seema Patil, bootstrapped startup sets a record

10-figure salaries
From Zerodha founders' mega salary hike to Tata making its BigBasket deal official and PIL against Twitter over IT rules, here's a quick look at the top tech news today.

RuleZero raises Rs 10 crore in new round
Founded by Satish Mugulavalli and Srinivas Katta in 2019, RuleZero's platform manages ownership data, automates share issuance processes and provides mechanisms to track and certify cap tables of startups.

Udaan to buy back employee stocks worth Rs 165-175 crore
Udaan joins a slew of companies such as Cred, Swiggy, Razorpay, Acko, Zerodha and Browserstack that have announced Esop buybacks in the past six months

Paytm expands its ESOPs pool to 'largest among all Indian startups'
Paytm has added 242,904 shares to its existing ESOPs pool, expanding the employee stock options by nearly $62 million and strengthening its efforts to attract and retain talent.

Zetwerk buys back shares worth $8.3 million from employees, early investors
Zetwerk said it has seen strong growth in its business in the last two years, and has grown its employee base from 250 to 400 in the last 12 months.

Brokerage employees set for windfall bonuses, increments
Bonuses at some of India’s leading broking firms could be anywhere between six to nine months of salary (cost-to-company) and the increments could be in the range of 10-18%

Startups play Santa early for employees with a flurry of Esop buybacks
Employees — in some cases hit by pay cuts — got cash, and employers, a happy workplace as well as a retention tool in a job market that’s just revving up.

PharmEasy is buying back Esops worth $3 million
India’s startup ecosystem has seen a slew of Esop buybacks, from companies like Swiggy, Meesho, Unacademy, and Zerodha

Zerodha’s Rs 60-65 crore Esops buyback plan values firm at $1 billion
The quantity of shares an employee can sell will be based on performance.

India's stock market most active right now since 2007: Zerodha CEO Nithin Kamath
Zerodha CEO Nithin Kamath talks about the company's future and its self-certified $1 billion valuation and his take on the highly volatile capital markets.

Your ESOPs can be HNIs’ investment opportunity
Employee stock options, including those in unlisted companies, is a new bet many institutions and rich investors are taking.

Early festival for Zerodha staff with Rs 200 crore Esops
Instead of a flat, mandatory holding period for three-to-five years, Zerodha is offering an option to vest 33% of the shares after the first year, providing easier liquidity options to staff.
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