Employees of Zetwerk and WMall to Get ESOPs Rewards

Zetwerk and WMall have decided to reward their employees with ESOPs policy. The B2B marketplace for a custom manufacturing company, Zetwerk, has expanded its ESOP pool. Simultaneously, WMall, social plus video commerce platform, has also adopted ESOP policy.

The B2B firm has increased its stock options by pouring 4.77 crore INR and has allotted 917 equity shares to its 24 employees under the ESOP policy. The founders of Zetwerk (1), Rahul Sharma, and Vishal are the biggest beneficiaries of the latest distribution. Each of the founders has received 269 equity shares that are collectively worth 2.8 crore INR. 

The development related to ESOP expansion of the Bengaluru-based firm came after two months of securing 20.8 million USD or 156.4 crore INR in it a Series C funding round in July. The funding came from its existing investors Accel Partners and Greenoaks Capital. At the time of fundraising, the company was valued at 242.6 million USD or approximately 1,820 crore INR.

The WMall (2), social plus video commerce platform, based in Bengaluru, also adopted an ESOP policy. The new policy is worth about 16.4 crore INR. The company has passed a special resolution to approve and adopt the WMall Employee Stock Option Plan 2020. Under the scheme, the company has granted 1667 equity shares to its employees. 


ESOP Expansion is a Good Sign For Startup Ecosystem of India

Zetwerk is an online B2B marketplace for manufacturing jobs. It connects large manufacturing companies with vendors and suppliers for customized products that include industrial machines and equipment. Both buyers and suppliers can collaborate to streamline their communications and execution tools to fill the orders quickly.

WMall is a B2C social commerce platform that helps underrepresented online users such as women in Tier-2 & Tier-3 cities. The company offers to sell products to consumers on social media, including WhatsApp and YouTube. It also gives users a social buying experience on its app with a combination of video and text. It essentially leverages social media platforms to push third party products in Gujarati and Hindi. 

The ESOP expansion by early-stage startups is an excellent mark for the Indian startup ecosystem. Recently, Shuttl and ShareChat have also expanded their ESOP policies.

+ posts

Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Rucha Joshi
Rucha Joshi
Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Dastaan Co-founder Manav Suri with Nikita Mittu (Team TimesNext)

DASTAAN of the traditional Indian Food – Chandigarh

If you could have one cuisine for the rest of your life, I bet it would be Indian food. There is no better feeling...

Restaurants Trailblazing to Bring Back Diners

There is no doubt that COVID-19 has impacted several industries worldwide, including food and beverage, like never before. Restaurants are now working hard to...
virat kohli

Virat Kohli Bets on Universal Sportsbiz, Backed by Sachin Tendulkar

Universal Sportsbiz Pvt Ltd, USPL (1), a Bengaluru-based fashion startup, has secured 26 million USD or about 19.3 crore INR from Virat the Indian's...
You’ll always need the presence of your loved ones to feel complete. Such is the story behind the man who laid the foundations of “Cool N Fire”.

The Heartfelt Story Behind Cool N Fire, Patiala

We all have heard that there are always some things which money cannot buy. No matter how good your company is doing, if you...

Myntra Secures 103 Million USD, Plans for International Expansion

Myntra, the fashion and retail platform (1), has secured 1,604 Crore INR or 103 million USD fundings from FK Myntra Holdings Private Limited, its...
KillerLaunch solves all your confusions and doubts about finding the perfect fit for you. You want startup jobs; we got it. You want startup internships, hey! We got that too.

Join India’s largest startup ecosystem and find jobs or internships for Startups in India...

Five mins on these 1000 words, and you will know everything there is to know about the startup job opportunities. To give it a shot,...
Following the rising protests against farmer insecurities, the Indian Government approved three Farm bills that propose to improve the way farmers sell their products and deal with negotiations in the competitive market. The Farm bill comes with a lot of hopes for the Indian farmers after an ongoing battle of dealing with the rising farmer suicide cases.

Farm Bills 2020: The calling for a modern approach

India's landscape over the years has evolved from primitive to modern methods and the pressure of a high-class supply for better produce ultimately falls...
Kalaari Capital

Kalaari Capital Launches Fellowship with 1 Lakh INR Monthy Stipend

Kalaari Capital, a Bengaluru-based early-stage venture capital firm, is launching a two-year fellowship program for young entrepreneurs to develop a more profound understanding and...