Meesho's Record-Breaking ESOP Buyback Program
March 17, 2024, 2:14 pm
Meesho
Location: India, Karnataka, Bengaluru
Employees: 1001-5000
Founded date: 2015
Total raised: $1.53B
Meesho, the ecommerce unicorn, has launched its largest ESOP buyback program worth INR 200 crore, benefiting 1,700 employees. This marks the fourth buyback for the company, showcasing its commitment to rewarding its workforce. Meesho's profitability in FY24 and revenue growth demonstrate its strong position in the market. The launch of Valmo and the company's focus on empowering micro-entrepreneurs further solidify its presence in the industry. With the increasing trend of ESOP buyback programs in the Indian startup ecosystem, Meesho's initiative sets a new benchmark for employee rewards and retention strategies.