Flipspaces, a leading commercial interior design technology company, has introduced an employee stock ownership plan (ESOP), reserving 5% of its total shares for its employees.
Eligible employees include those with more than 1.5 years of service who have made impactful contributions, according to the company, which achieved Rs 300 crore in revenue in FY24.
“The new Esop initiative underscores Flipspaces’ commitment to empowering its employees while driving forward its ambitious expansion plans in India and the US,” the company said.
“The leadership and critical roles are prioritized,” it said, adding that the Esops are structured with a four-year vesting period and a one-year cliff.
So far, Flipspaces has secured $7.5 million in equity funding from investors like Carpediem Capital, Prashasta Seth, and the MGA Family Group.
“Implementing an Esop is not just about sharing ownership; it’s about creating a shared vision for our future. We believe that when our employees have a stake in the company, they are more motivated to contribute to its success. This initiative reflects our belief in investing in our people and our gratitude for their role in shaping the Flipspaces journey,” said Kunal Sharma, founder and CEO of Flipspaces.
The company is also accelerating its acquisition efforts to expand further in both India and the United States.
