Indian social media startup ShareChat infused another $14 Mn in its ESOP (employee stock ownership plan) pool. As of now, the company’s ESOP pool stands at $35 Mn.
ShareChat also announced 50% additional ESOPs as a bonus for existing employees holding ESOPs in the company. Further, ESOPs have been extended to all employees on the company’s payroll, including the administrative staff who were not holding them earlier.
“The decision was taken to recognise their hard work behind the incredible growth achieved by both ShareChat and its recently launched short video platform, Moj,” said a company’s press release announcing the development.