This small company’s ESOPs will make its housekeeping staff wealthy

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Kumba SK, janitor, and Vimala, housekeeping staff at DriveU office. Both own employee stocks. (Pic: via special arrangement)

Synopsis

Infosys started the practice of granting ESOPs to its office assistants and drivers. In the last 15 years, startups have granted billions of dollars’ worth of ESOPs but largely to the senior staff. A small technology startup is making it more inclusive again.

Thomas Piketty would have approved of what Rahm Shastry had done. Shastry is the founder of DriveU, a rent-a-driver platform. The trajectory of Kumba, a watchman at…



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This small company’s ESOPs will make its housekeeping staff wealthy


Kumba SK, janitor, and Vimala, housekeeping staff at DriveU office. Both own employee stocks. (Pic: via special arrangement)

Synopsis

Infosys started the practice of granting ESOPs to its office assistants and drivers. In the last 15 years, startups have granted billions of dollars’ worth of ESOPs but largely to the senior staff. A small technology startup is making it more inclusive again.

Thomas Piketty would have approved of what Rahm Shastry had done. Shastry is the founder of DriveU, a rent-a-driver platform. The trajectory of Kumba, a watchman at…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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