Meesho announces second ESOP programme worth 5.5 mn in less than a year

1. Meesho announces second ESOP programme worth $5.5 mn in less than a year Meesho, a fast-growing internet commerce platform, has announced a $5.5 million ESOP (employee stock ownership plan) liquidity programme for all eligible current and former employees with vested stocks. This is the company’s second such liquidity program in less than a year. Last month, Meesho raised a $570 million Series F from Fidelity Management & Research Company, B Capital Group, and other new and existing partners like Prosus Ventures, SoftBank Vision Fund 2 and Facebook, growing its valuation by over 2x to $4.9 billion. “We continue to see meteoric progress not only as a business but also in our efforts to democratize internet commerce for everyone,” said Vidit Aatrey, founder and CEO, Meesho. “Our employees have been at the forefront of driving this momentum, and we want to give them ample opportunities to celebrate and grow with us. As we hire across the board and scale our tech and product talent by 2.5X, ESOPs will give employees high ownership, while providing more opportunities for wealth creation.” Click Here