CarDekho Group Rolls Out ESOP Liquidity Event
CarDekho Group,with a valuation of $1.2 billion has announced a liquidity event to reward the dedication and hard work of its valued employees. This initiative culminates in a pool size of $5mn.
Having achieved unicorn status in 2021 through a successful series E fundraising, the group is pleased to offer the event even in the face of challenges posed by a demanding market environment. This opportunity extends to both current and former employees who hold shares in the company, reinforcing a culture of trust, transparency, and inclusivity.
Amit Jain, Co-founder, and CEO of CarDekho Group emphasized the significance of the ESOP program, stating, "At CarDekho, we nurture a working culture that inspires every team member to put their best foot forward & fosters a sense of employee ownership. Our ESOP Liquidity Event is a manifestation of this belief and serves as a tangible expression of our gratitude for the relentless efforts put in by each member of the CarDekho family."
In FY23, CarDekho Group registered an impressive 46 per cent year-over-year growth in consolidated revenue & the group maintains a strong cash reserve dedicated to growth projects both organically and inorganically, reflecting its financial strength and proactive strategic vision.
Earlier this month, the group unveiled a merger with Revv to strengthen its Shared Mobility Ecosystem. CarDekho Group, renowned for its extensive services, including CarDekho, BikeDekho, Zigwheels, PowerDrift, InsuranceDekho, Rupyy & OTO will now incorporate Revv as part of its House of Brands.
