Mobility startup Rapido on Tuesday announced its first-ever Employee Stock Ownership Plan (ESOP) liquidation programme for current and former employees. Through this initiative, employees are eligible to sell a portion of their vested ESOP units immediately.
The move by the company is aimed at enhancing employee satisfaction and retention while fostering a culture of shared success and growth within the organisation, according to a release.
“This programme is generating 5X growth while underscoring Rapido’s commitment to recognising and rewarding the contributions of its employees…while providing wealth creation opportunities,” it said.
The ESOP buyback programme saw participation from both current and former employees of Rapido,…
