Sharechat Announces 50% Additional ESOPs for Existing Employees

Sharechat Announces 50% Additional ESOPs for Existing Employees

Indian social media platform ShareChat has expanded ESOP (Employee Stock Options) pool by USD 14 million to USD 35 million to reward employees.


The company has also announced additional 50 per cent bonus for the existing employees holding ESOPs.


“This ESOP scheme has also been extended to every employee on payroll, including administrative staff. The decision was taken to recognise their hard work behind the incredible growth achieved by both ShareChat and recently launched short video platform, Moj,” the social media venture said in a statement.


The scheme will be applicable for only existing employees, who were on the company's payroll on June 30, 2020. Currently, ShareChat has more than 400 employees.


ShareChat CEO and co-founder Ankush Sachdeva said, “The foundation of our existence has been purely our people, combined with their passion and energy. Our growth since inception has not been without challenges, but we have always managed to come out of these challenges unscathed just on the strength of our people.”


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