At Betterhalf, we firmly believe in the mantra – “Be the change you want to see in the world.” In the Indian startup ecosystem, it’s not common for companies to offer Employee Stock Ownership Plans (ESOPs) to their employees until they reach the Series A funding stage. However, as advocates of change, we have decided to break this tradition by introducing an ESOP buyback program for our employees at the Pre-A stage. We extended this opportunity to 7 of our employees, and we’re delighted to share that all of them enthusiastically participated.
As an organization, we always seek growth-centric opportunities, and we believe that providing ESOPs to our employees is the right step. A company can truly thrive when its people also grow. With the ESOP buyback option, our goal is to ensure that those contributing to Betterhalf’s rapid growth can also share in that growth. We also aimed to encourage our employees to partake in wealth creation opportunities, regardless of their roles and responsibilities, as ESOP Buyback can be an excellent avenue for wealth creation. Additionally, we hope that this initiative will attract external talent to join us, as people are drawn to a culture that nurtures their personal growth.
While announcing the ESOP buyback program to our employees, our co-founder and CEO, Pawan Gupta, stated:
“We have experienced tremendous business growth in the past year and wanted our team to grow alongside us. Unlike many other startups, we offered ESOP buyback to our employees, giving them an equal opportunity in wealth creation. It’s not common to see companies offering buyback at such an early stage of business. But we are pleased to challenge this norm and hope that more companies will follow the path we are pioneering. I also believe that our initiative will inspire other startups to realize that they don’t need to wait until the Series B stage or beyond to offer buybacks; it can happen at an early stage.”
In the past year, our business has witnessed remarkable growth. Our user base has expanded from 500,000 to 1.2 million, and the connections on our app have soared from 500,000 to 2.5 million. Regarding marriages facilitated through our platform, the number has surged from 1,000 to 5,000. And these numbers are only set to rise!
Just 12 months ago, our company had a team of 15 people. Currently, our overall headcount stands at 50 employees. What’s particularly remarkable is that 50% of our current workforce comprises women, underscoring our commitment to an inclusive work culture and progressive talent policies. In the upcoming year, as we progress toward our Series A funding round, we plan to expand our team to double or even triple its current size while maintaining our commitment to inclusivity.
Betterhalf could be the ideal platform to find your life partner, as we arrange love marriages on your terms and conditions. Don’t hesitate; sign up now and start your search!
