Ninjacart has announced that it has executed an employee stock ownership plan (ESOP) buyback worth Rs 100 Crores for its employees. Both current and former employees can participate in the ESOP buyback programme and can even sell the entire their ESOPs. “Our employees are the main reason for Ninjacart’s success, and this ESOP’s plan will reward them for the dedication and resiliency they have shown in the last two years,” the company said in a statement.

“I am delighted to share that we are giving back to our current and previous employees who helped us achieve every milestone with their outstanding effort. This ESOP buyback plan is small gratitude towards our employees because, without them, we wouldn’t have been here where we are today,” Thirukumaran Nagarajan, co-founder and CEO of Ninjacart, said. “At Ninjacart, we will continue the process of improving our culture. We will invest in employee experience, work tools, and positive workplace initiatives. We motivate our employees to give importance to their mental and physical health by having a proper work-life balance,” he added.