India: Grofers to offer 33% hike in salary to tech team, allocate hefty ESOPs

Visual from www.groupon.co.in

Grofers on Monday said it will offer a 33 per cent hike in salary to its tech team effective July, along with a “hefty ESOP allocation” as the online grocery delivery platform looks to retain staff and woo more tech talent.

The SoftBank-backed company, which plans to launch an initial public offering (IPO), also hinted that it has secured a new funding round.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter