Porter offers liquidation of ESOPs worth ₹50 crores to its employees for second consecutive year
Porter, India’s leading tech-based, on-demand, logistics company has announced to offer liquidation of ESOPs (Employee Stock Ownership Plan) worth ₹ 50 crores for its current and former employees.
Porter's employees (current and former) will be able to sell the eligible options immediately at a 50% higher value from the last liquidation valuation up to a total value of ₹50 crores.
“We announced our first-ever ESOPs liquidation worth ₹40 Crore ($5 Million) in 2021 benefiting many of our stakeholders. This ESOPs scheme is one of the ways to reward our employees and ensure that their contributions are valued substantially,” said Rizwan Khan, VP of Human Resources, at Porter.
Founded in 2014 by Pranav Goel, Uttam Digga & Vikas Choudhary, Porter has serviced over 1 crore customers across 18 cities in India, with a workforce of 2,600 employees.
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