Rapido pronounces ESOP liquidation programme, CFO Information, ETCFO
New Delhi, Mobility startup Rapido on Tuesday introduced its first-ever Worker Inventory Possession Plan (ESOP) liquidation programme for present and former workers. Via this initiative, workers are eligible to promote a portion of their vested ESOP items instantly.
The transfer by the corporate is geared toward enhancing worker satisfaction and retention whereas fostering a tradition of shared success and development inside the organisation, in response to a launch.
“This programme is producing 5X development whereas underscoring Rapido’s dedication to recognising and rewarding the contributions of its workers…whereas offering wealth creation alternatives,” it mentioned.
The ESOP buyback programme noticed participation from each present and former workers of Rapido, the discharge mentioned, including that the response underlined their sturdy perception within the firm’s imaginative and prescient and development potential.
Aravind Sanka, Co-founder of Rapido, mentioned the corporate’s “success journey wouldn’t be attainable with out our groups’ unwavering help and dedication. With this initiative, we need to recognise and reward the crew for his or her belief and contributions.”
