Get All Access for $5/mo

Daalchini Technologies Announces First ESOP Buyback Plan With the ESOP liquidation of approximately INR 1 crore, everyone associated with Daalchini has got rewarded under this initiative

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Retail tech startup Daalchini has announced its first-ever ESOP (employee stock option programme) liquidation plan for its current and former employees. With the ESOP liquidation of approximately INR 1 crore, everyone associated with Daalchini has got rewarded under this initiative.

"We recognize and acknowledge the efforts and dedication of our resources towards Daalchini. We intend to encourage them to remain committed to the company and to grow. Through this initiative, we aim at paying back to our current and former employees for relentless efforts," said Vidya Bhushan, co-founder and COO, Daalchini Technologies.

Daalchini intends to recognize and reward current and past employees for their support and contributions. Nearly 21 current and former employees have benefited from the ESOP initiative across hierarchies including, VPs to hub managers. Daalchini's team members with vested options are eligible to take part in the repurchase and liquidate almost 100 per cent of their vested shares if their options are vested as of April 2022, as per the company's statement.

"Our aim is to have an employee-friendly culture at Daalchini. Personally, for me, ESOPs are an excellent wealth-creation instrument for employees, especially if one is working at an early-stage startup. It can create a win-win," said Prerna Kalra, co-founder and CEO, Daalchini Technologies.

Daalchini is a brand of full-stack smart retail offerings that cater to on-the-go food consumption with a specialized supply chain designed to serve the 6-meal-a-day needs of our customers. Its product suite has a complete platform to launch vending machines, micro-markets, automated kiosks, and mobility solutions.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Thought Leaders

4 Steps You Need to Follow to Make It Through Any Crisis With Your Company Intact

The steps we take before a crisis define our team's future resilience in the face of one. Here's what you need to do to prepare for a crisis of any kind at any time.

Leadership

How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.