Employees of B2B e-commerce platform Udaan set for Rs 175-cr ESOP bonanza

Business-to-business e-commerce platform Udaan is offering an ESOP (employee stock ownership plans) liquidity plan worth Rs 175 crore to employees, according to people in the know.

The development comes at a time when the Bengaluru-based firm is witnessing a huge surge in business across its food, lifestyle and electronics verticals.

In a letter to employees, Co-Founders Amod Malviya, Sujeet Kumar, and Vaibhav Gupta said leading investors had shown interest in taking part in the organisation’s journey ahead through a secondary stock buyout programme.

“We want to take this opportunity to reward our employees who have worked relentlessly over the last many months and years with a meaningful wealth creation opportunity through an ESOP liquidity offer 2021,” said the letter, seen by Business Standard.