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ShareChat adds $14 million to its Esop pool

24 September 2020

Social media platform ShareChat has added $14 million to its employee stock ownership plan (Esop) pool, taking the total to $35 million. The startup on Wednesday also announced 50% additional Esops as bonus for employees already holding shares in the company.

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Bengaluru: Social media platform ShareChat has added $14 million to its employee stock ownership plan (Esop) pool, taking the total to $35 million.
The startup on Wednesday also announced 50% additional Esops as bonus for employees already holding shares in the company. Currently, it employs over 400 people and the scheme would apply to existing staff members on the firm’s payroll as on June 30.

The regional language social media platform said the decision was taken to recognise the hard work behind the growth achieved by both ShareChat and its recently launched short-video app, Moj.

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