Paytm expands employee stock exchange pool

Paytm said on Monday it has added 242,904 shares to its current employee stock option pool, extending it by almost $62 million and strengthening its efforts to attract and retain talent.

The organization, which is valued at more than $16 billion, said the expansion takes its ESOP pool to over 2.4 million value shares worth $604 million, making it the “biggest among every Indian startup”.

Paytm plans to offer investment opportunities to more employees as a part of its yearly exhibition evaluation, after it altered its ESOP strategy a year ago to award high performers across key jobs, it said.

“We consider our ESOP scheme as an incredible method to advance the spirit of wealth creation among workers and really accept that each employee is a partner in the organization,” a Paytm representative said. “Our ESOP strategy rewards associates based on their overall performance and achievements.”

Entrackr was quick to report about Paytm’s extension of its ESOP pool.

A back-of-the envelope calculation shows that each offer in Paytm is valued at about $250, which when compared to author Vijay Shekhar Sharma’s 9.05 million shares, pegs his holding in the organization around $2.2 billion.