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Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys Financial services startup ESOPDhan on Sunday said it is aiming at a Rs 500 crore loan book by 2025, helping many more people buy stock options being offered by their employers. So far, ESOPDhan has lent Rs 20 crore to 15 Bengaluru and Hyderabad-based employees of two US-based high growth tech companies. Set up by veteran investors Shravan Shroff and Nitin Agarwal, the firm seeks to ease the acquisition of stock options by employees of high-growth SaaS startups. "Our experience ...
Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys
Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys
Source: IANS
19/02/2023 12:32:42 PM
Data AI firm Tredence announces ESOP buyback worth Rs 240 cr, 270 workers to benefit  Data science and AI solutions company Tredence on Thursday announced its largest ESOP (employee stock ownership plan) buyback programme worth $30 million (about Rs 240 crore) on the heels of a Series B funding of $175 million from Advent International. The buyback will include over 270 employees globally and eligible employees will participate in the repurchase and liquidate 40 per cent of their vested ESOP units. The company said that at 5x the book price of each unit, this progr...
Data AI firm Tredence announces ESOP buyback worth Rs 240 cr, 270 workers to benefit
Data AI firm Tredence announces ESOP buyback worth Rs 240 cr, 270 workers to benefit
Source: IANS
9/02/2023 4:18:03 PM
10-yr tax holiday, less holding period of ESOP shares: Startups on Union Budget Indian startup founders on Monday said that to explore a comprehensive digital India, the Union Budget for FY24 must leverage the full inherent potential of the homegrown technology industry to become champions of digitisation. Gautam Nimmagadda, Founder and CEO of Quixy, a cloud-based no-code application development platform, said that currently, startups can avail of a tax holiday for three years since incorporation. "However, the ideal exemption should be 10 years, in view of th...
10-yr tax holiday, less holding period of ESOP shares: Startups on Union Budget
10-yr tax holiday, less holding period of ESOP shares: Startups on Union Budget
Source: IANS
30/01/2023 2:21:52 PM
ESOPDhan to ease owning stock by high-growth startup employees Financial services firm ESOPDhan on Wednesday announced its lending offerings to employees of high-growth companies to exercise vested employee stock ownership plans (ESOPs). Set up by veteran investors Shravan Shroff and Nitin Agarwal, the firm seeks to ease the acquisition of stock options by employees of high-growth SaaS startups. ESOPDhan said that it has already funded India-based employees of two US-based high-growth tech companies, and discussions are underway with two-three more...
ESOPDhan to ease owning stock by high-growth startup employees
ESOPDhan to ease owning stock by high-growth startup employees
Source: IANS
11/01/2023 11:51:18 AM