The RBI-registered NBFC firm is targeting high growth companies and deploys proprietary tools for making funding decisions. 500 crore, Shroff said.ĮSOPDhan, a newly set up company, lends to employees of high-growth companies to exercise vested ESOPs. It has already tied up its fund requirement to scale it to Rs. As the Indian startup ecosystem thrives, the value of vested ESOPs is expected to grow at a fast clip in the coming years.ĮSOPDhan will work with identified late-stage high growth companies with a growing customer base. Industry estimates the value of vested ESOPs by employees of Indian Unicorns till date to be more than $10 billion. “ESOPDhan aspires to be the funding partner of choice in the world of ESOPs by adding features like ‘No EMIs’ and ‘repayment upon liquidity events’,” Mr. Phenom enables identifying bright talent, helps candidates find the right job and optimizes the HR strategy, process, and spending. The next set of 10 India employees that ESOPDhan funded belonged to Phenom, a US-based AI-powered HR-tech platform valued at $1.37 billion. The business started with ESOPDhan funding 5 India employees of Harness (harness.io), a $3.70-billion valuation company whose platform helps companies accelerate their Cloud initiatives and roll out software developments faster. These ranged from ‘How to get funds to subscribe for ESOPs and pay the exercise cost and perquisite tax’ to ‘How not to lose opportunities to create wealth’, and ‘How to get quick cash while retaining their stocks’,” says Shroff.ĮSOPDhan, a non-banking finance company registered with the Reserve Bank of India, deploys proprietary tools for making funding decisions. “Our experience with start-up teams over the years threw up many concerns of employees rewarded with ESOPs. Exercising their stock options early helps employees with lower taxes on the sale of stocks, an attractive proposition for them. ESOPDhan has been working to solve that problem for employees, and in the process also facilitating a healthy employer-employee relationship. Many a time, employees are unable to subscribe to ESOPs soon after vesting because of a lack of funds or lack of clarity on the tax treatment of the same. So far, ESOPDhan has lent Rs 20 crore to 15 Bengaluru and Hyderabad-based employees of two US-based high-growth tech companies. 500-crore loan book to fund ESOP buys targets 25 times growth in loan book by 2025įinancial services firm, ESOPDhan, a startup founded by Shravan Shroff and Nitin Agarwal, early investors in Oyo Rooms, is aiming at a Rs 500-crore loan book by 2025, helping many more people buy stock options being offered by their employers.
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