Sastodeal.com the first e-commerce company in Nepal to give employees’ ESOP

Sastodeal.com becomes the first e-commerce company in Nepal to give employees’ stock option. In ‘All hands meeting’ event, the company announced the news that all employees who have been with the company for at least 3 years will be eligible for ESOP (employee stock ownership plan) starting this fiscal year. The criteria for an employee to vest ESOP is based on the years spent at the company and certain key business indicators associated to the employees’ performance.

Anup Shakya, Finance Controller at Sastodeal estimates that the total value for ESOP in the next 2 years will be worth at least Rs.10 Crore.

Amun Thapa, Founder & CEO of the company said, “We are lucky to have a very supportive board who understands the need to retain and motivate employees. The median age at Sastodeal is 23 years which means that almost everyone at the company is giving the best of their years for the company. The management couldn’t be happier to introduce ESOP and to create ways to give back to our employees.”

Compiled by : Biplav Gachhadar