Under this programme, eligible employees will be able to participate in this ESOP buyback and liquidate their part of the vested stock in the company.
With this buyback programme, the firm aims to attract, retain and create value for employees by recognising their contribution towards the organisation. Employees, both past and present will be given the option to liquidate a portion of their stock to drive wealth creation.
The initiative follows the
company’s recent Series B fundraise of $15 million from Bertelsmann Investments India, Amicus Capital, MyNavi Corporation, along with existing investors. It has raised a total of $22.3 million as of date.
“Since we started, we have been focused on building a relationship of trust, loyalty, and ownership with all employees.
In the last year itself, our team has enabled 10x growth in revenues. With this ESOP buyback programme, we take another step to reward our employees, and build shared ownership and value for them. We are committed to leverage ESOPs as an instrumental tool for driving wealth creation for our employees, along with attracting talent to build the next gen of innovators and leaders at our company,” said Annanya Sarthak, co-founder and CEO, Awign.
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Founded in 2016, Awign enables 100+ large marquee enterprises with on-demand work fulfillment across nine core enterprise functions through a community of 1 million+ gig partners. It plans to double its employee strength by the end of 2023.
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