ESOPs

This SEBI-registered Category II Alternative Investment Fund (AIF) addresses a common challenge faced by employees holding vested stock options—waiting for years until IPOs or acquisitions for liquidity.

Zetwerk has opted to partner with Axis Capital Ltd., Goldman Sachs Group Inc., Jefferies Financial Group Inc., JM Financial Ltd., JPMorgan Chase & Co., and Kotak Mahindra Bank Ltd. as the book-running lead managers (BRLMs) for the IPO.

Other key leaders, including co-founders Nandan Reddy and Phani Kishan, food marketplace CEO Rohit Kapoor, Swiggy Instamart head Amitesh Jha, CFO Rahul Bothra, HR head Girish Menon, and CTO Madhusudhan Rao, were also awarded additional shares under the ESOP programme.

ESOP allows employees to buy a set number of company shares at a set price after the vesting period has expired

In less than two years, CoinSwitch has grown from 20 to 500 employees as it expands its wealth-tech offering and builds one of India's first Web3 teams

More than 1,000 existing and new Licians would be eligible to avail this industry-first opportunity.

Finance minister Nirmala Sitharaman said start-ups "have emerged as engines of growth for our economy" and announced some key policies benefiting the community