With a triple digit CAGR, the company is expecting a turnover of ₹500 crore in FY19.
Started in 2012, Hopscotch is backed by venture investors including Eduardo Saverin, co-founder of Facebook, Singapore-based LionRock Capital, Wei Yan of and Toivo Annus, co-founder of Skype. It helps employees view ESOPs as a credible alternative to cash compensation, one that can often result in big financial rewards,” Anand said, adding that unlike other start-ups, the ESOP shares are offered at a very early stage and will be done every year. “We have a very large ESOP pool at Hopscotch and we gave every single person the right to decide whether they would like to keep or sell this. However, start-ups buyback those shares when the founders want to increase their stakes before a large funding round or when the company is getting acquired or going public.īusinessLine that there is no immediate plan of fund raising or acquisition, even though the start-up has been approached by several leading consumer brands.
The scheme was offered to about 100 existing employees, however, only 20 of them have opted to encash their ESOPs, an employee benefit plan which offers employees an ownership interest in the organisation.ĮSOPs are are issued as direct stock, profit-sharing plans or bonuses and is very common phenomenon with start-ups as ESOPs act as a tool to contain high attrition and retain high-quality talent. At least 20 current employees at Hopscotch, a online kids fashion portal, will become “crorepatis” or millionaires this month as the start-up plans to buyback ESOPs (Employee Stock Option Plan).
0 kommentar(er)
