Elevation Capital-backed agritech startup Vegrow creates ESOPs pool
Vegrow, a fresh farm produce supply chain business, has created a new Employee Stock Ownership Plan (ESOP) pool worth Rs 26 crore ($3.5 million). This arises as many early and growth-stage companies create and extend their ESOP pools, as well as buy back shares from employees. According to the company’s regulatory filings with the MCA, Vegrow has approved a special resolution to adopt an ESOPs Plan with 16,308 options, each option exercisable into one equity share of the company. The newly accepted ESOP pool is valued at about Rs 26…