Ninjacart announces ESOP buyback worth Rs 100 Cr
Fresh produce supply chain company Ninjacart has announced an employee stock ownership plan (ESOP) buyback of Rs 100 crore or $13.3 million for its employees. Previously, the company had announced ESOP buyback in 2019. Both the current and the former employees with vested ESOPs as of December 2021 are eligible to participate in the ESOP buyback programme, said Ninjacart in a press release. Founded by Thirukumaran Nagarajan, Kartheeswaran K K, Ashutosh Vikram, Sharath Loganathan, and Vasudevan Chinnathambi, seven-year-old Ninjacart enables retailers and restaurants to source fresh produce directly from farmers at competitive prices and also delivers it to businesses, including mandis. Continue reading Ninjacart announces ESOP buyback worth Rs 100 Cr at Entrackr.
Fresh produce supply chain company Ninjacart has announced an employee stock ownership plan (ESOP) buyback of Rs 100 crore or $13.3 million for its employees. Previously, the company had announced ESOP buyback in 2019.
Both the current and the former employees with vested ESOPs as of December 2021 are eligible to participate in the ESOP buyback programme, said Ninjacart in a press release.
Founded by Thirukumaran Nagarajan, Kartheeswaran K K, Ashutosh Vikram, Sharath Loganathan, and Vasudevan Chinnathambi, seven-year-old Ninjacart enables retailers and restaurants to source fresh produce directly from farmers at competitive prices and also delivers it to businesses, including mandis.
