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Mohalla Tech announces first ESOP buy-back programme worth $19.1 mn

Nearly 200 existing and former employees with vested options are eligible to participate in this process, the firm said

Mohalla Tech announces first ESOP buy-back programme worth $19.1 mn
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Mohalla Tech will be the sole buyer in this buyback process. All eligible employees can sell upto 100 per cent of their vested ESOPs at its present stock valuation.

Neha Alawadhi New Delhi
Mohalla Tech, the parent company of Indic language social media platform ShareChat, and short video platform Moj, has announced its first ESOP buyback programme worth $19.1 million (approximately Rs 140 crores).

Nearly 200 existing and former employees with vested options are eligible to participate in this process, the firm said.

“Today, ShareChat and Moj are the