Saturday, November 28, 2020

CarDekho announces its 2nd ESOP Cash-Out Scheme

Must read

Amazon Prime Video launch trailer of Mumbai Diaries 26/11

Mumbai, November 26, 2020. On the 12th anniversary of the dreadful Mumbai terror attacks, Amazon Prime Video salutes the...

ZEE’s ‘Ticket To Hollywood’ Premiere For Everyone ‘Bloodshot’ Garners 29.03Mn Viewers Across Chann

Mumbai, 26 November, 2020.  In one of the biggest festive offering on television, for the first time, &flix and 11 ZEE channels premiered...

TIPS MUSIC DROPS A NEW GUJARATI SONG “GAJIYO

"GAJIYO" encapsulates the emotions of happiness and excitement of wedding in the most beautiful way.  The song that not...

From Disaster Movie Specialist Roland Emmerich, Comes The Most Exciting Blockbuster Feature ‘2012’ Airing As Part Of Prive Handpicked On &PrivéHD

Mumbai, November 26, 2020. Someone once said there exists no film that documents perfectly an extinction level global phenomenon...

New Delhi, 11 February 2020: CarDekho, India’s leading online auto ecosystem has announced that it is allowing eligible employees to cash out 50% of their vested options under Girnarsoft group’s ESOP Exercise and Secondary Sale Plan. The cash-out is estimated to be worth $3.5 million and it is the second time in this financial year that such a scheme has been floated by the company. The first ESOP cash out was announced in April 2019 in which CarDekho bought ESOPs worth $2 million. The current discretionary ESOP cash-out scheme is valid for both existing employees who have served 2 years and former employees, who have served 4 years in the company and held vested options as of 31st January 2020.

Commenting on the same, Amit Jain, Co-Founder and CEO of CarDekho, said: “At CarDekho, we have always believed that our employees are our biggest asset and our most important investment. As technology is democratized its competitive advantages may diminish but it will be our employees who will continue to be our competitive advantage and key differentiating factor. Our success till date is a testimony of the great team we have built and this scheme is merely a way of thanking the employees for their significant contributions and dedication.”

CarDekho is successfully digitizing the auto ecosystem in India and is aggressively pursuing its vision to own the personal mobility space by digitizing the customer journey from car purchase to ownership to sale of used cars. The company recently also raised $70 M in series D fundraise to strengthen its transactional business and expand in Southeast Asia. Operational in Indonesia with OTO.com, CarDekho entered Philippines by acquiring CarMudi Philippines. CarDekho’s fintech business recently became the first platform in India to process Rs 100 crores worth of monthly used car loans.

More articles

Latest article

HERO APPOINTS GLOBAL MOBILITY EXPERT MICHAEL CLARKE AS COO

New Delhi, November, 2020. Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today appointed global mobility expert...

In a first in India, doctors airlift COVID sequela patient on ECMO from Nepal; save life

New Delhi/NCR, November 27, 2020. Setting new benchmarks in saving lives, doctors at Max Super Speciality Hospital, Saket helped transfer a...

ITC Foods’ Retailers first focussed initiative supports safety of Indian retailers

New Delhi,November 27, 2020. In alignment with ITC Ltd.’s credo of ‘Sab Saath Badhein’, the Foods Division spearheaded a...

Join British Council’s Study UK Virtual Fair from the comfort of your home

UK, November 27, 2020. The British Council, UK’s international organisation for educational opportunities and cultural relations, is hosting a ‘Study UK Virtual Fair’ on Saturday, 5...

Indian students bag 152 awards in Cambridge exams 2019/20

Jaipur, November, 2020. Cambridge International has conferred Outstanding Cambridge Learner Awards to the top performing students from across India....
Live Updates COVID-19 CASES