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Ninjacart buys back ESOPs worth Rs 100 cr after investment from Flipkart

This is the company's second ESOP buyback. Ninjacart had its first buyback in 2019

Deepsekhar Choudhury Bengaluru

Premium

Co-founders of Bengaluru-based start-up Ninjacart

2 min read Last Updated : Jan 05 2022 | 1:01 AM IST

Agritech start-up Ninjacart has announced that it has implemented an employee stock ownership plan (ESOP) buyback worth Rs 100 crore for its employees. Both current and former employees with vested ESOPs as of December 2021 are eligible to participate in the ESOP buyback programme, with the option to sell the entirety of their vested ESOPs.

This is the company’s second ESOP buyback. Ninjacart had its first buyback in 2019. “Our employees have been elementary to the company’s success and this ESOP’s plan will reward them for the commitment and resiliency they have shown during the last two years,” said the company.