Meesho facilitates ESOP buyback worth $1 million

Date posted: Friday 14 February 2020

Social commerce platform Meesho’s largest investor Naspers has bought employee stock options worth $1 million. Close to 20 early employees at Meesho have chosen to sell 30% of their vested equity. “Liquidity events like these shows to our employees as well as future prospectus that our stock options have real value,” said Sanjeev Barnwal, founder and CTO of Meesho.

(ET Tech)