Employees of B2B e-commerce platform Udaan set for Rs 175-cr ESOP bonanza

Business-to-business e-commerce platform Udaan is offering an ESOP (employee stock ownership plans) liquidity plan worth Rs 175 crore to employees, according to people in the know.
 
The development comes at a time when the Bengaluru-based firm is witnessing a huge surge in business across its food, lifestyle and electronics verticals.
 
In a letter to employees, Co-Founders Amod Malviya, Sujeet Kumar, and Vaibhav Gupta said leading investors had shown interest in taking part in the organisation’s journey ahead through a secondary stock buyout programme.
 
“We want to take this opportunity to reward our employees who have worked relentlessly