ESOP

“You know, we gave away about 2.3% of the company in July right from the beyond to, you know, everyone in our leadership team, everyone owns shares and these were given at a deep discount so that everybody benefits when things comes back.”

“Flipkart, for example, was one of the first few companies at any kind of realist scale, which actually shared ownership around. So like some of my friends, younger brothers who joined Flipkart, even as junior engineer, all of them got ESOPs mandatory. And now …”

“So we have a lot at every round of fund raise to make sure that some modern esops are created.”

“Who are blue-collared workers you know, they help clean the office, their janitors, and so on and so forth. All of them actually have ESOPs within the firm.”

“Out of maybe 600 people who work in our offices, about 200, maybe one 50 of them actually have ESOPs, and these are significant value ESOPs.”

“I think that third wave is being brought about by our startups where, you know, we'll probably end up seeing, you know, lakhs of people actually you know, becoming rich. By being simply employees rather than, you know, becoming founders”