PAYTM’s stock sale turns more than 100 employees millionaires
More than 100 employees and former staffers have become millionaires after India’s second largest startup company’s (Paytm) stock sale of 500 million rupees. About 200 employees working in the company have sold their own Employee Stock Option (ESOP). Their cost is around 300 crores. After this, the company’s market valuation has risen. This year the company’s market value has increased to $ 10 billion from last year, compared to just $ 7 billion in May last year.
Among them is Paytm Canada Chief Executive Harinder Thakkar who has made Rs 40 crores. At the same time, an office boy made Rs 20 lakh from the stock sale. The company did not give information of any other employees.
Paytm becomes most valued after Flipkart
The company’s market value has reached 10 billion US dollars. Not long ago, when the Japanese company Soft Bank invested $ 1.4 billion in Paytm. After the Japanese company’s investment, Paytm’s value grew so much that it became the highest valued company after Flipkart.
