Summary:
Bengaluru, Karnataka, India – Business Wire India SuperShare is excited to announce its first-ever ESOP (Employee Stock Option Programme) buyback.
In its Series A stage, SuperShare is successfully utilising ESOPs to draw in new talent while recognizing current and past employees for their support and contributions.
It"s a rare event for an early-stage startup.
Team members with vested options will be eligible to take part in the repurchase and liquidate up to 50% of their vested shares if their options are vested as of June 24, 2022.
The announcement also strengthens the faith team members have in ESOPs as a wealth creation instrument and will hope to attract new talent.
“We’re building a social media platform for the world, from India.
This requires an innovative product that requires the best engineers to work through never-before-solved problems.
Having recruited some amazing teammates, we believe this is the best way to convey our gratitude to the team that has stayed with us through our seed journey.” - Sagar Modi, Co-founder & CEO “We are grateful to be in a strong position in the current market despite an uncertain macro environment.