Licious starts 'everyday vesting, anytime liquidation' ESOP for employees

Employees can liquidate the ESOPs anytime without terms and conditions, said the meat and seafood company.

Licious, the technology-based meat and seafood brand, has said it will give from January certain employees ESOPs vested daily, claiming it is the first such step in the industry.

Employees can liquidate the ESOPs anytime without terms and conditions, said the company. The opportunity can be availed once the one-year period, as mandated by company law, is over. The company will set aside a pool of secondary funds every year to enable the anytime liquidation. 

Bengaluru-based Licious recently raised $52 million in a funding round that made it India’s first such direct-to-consumer (D2C) unicorn or a start-up with over $1-billion