More than 100 former and current employees of Paytm have become rupee millionaires as India’s second largest start-up completed stock sales worth Rs500 crore.
This includes Rs300 crore from the latest secondary sale of shares, which valued the digital payments and e-commerce platform at $10 billion. This is the company’s second sale of Esop (employee stock ownership plan) units after a Rs200 crore cash out by staff in mid-2017.
