Social commerce startup Meesho set to buy back ESOPs worth $5.5 Mn
Social commerce platform Meesho has launched a $5.5 million employee stock ownership plan (ESOP) liquidity programme for all qualifying current and past employees holding vested stock. The ESOP buyback scheme is scheduled to begin in November. According to two people familiar with the details of the liquidity strategy, Meesho employees who are currently on roll and have vested ESOPs as of November 30 would be eligible for the buyback, along with former employees. This is Meesho’s second ESOP buyback in less than a year, and its third since 2020. It…