E-Cell IIT BHU's Weekly Newsletter
Hey there, People! 🥰
With the illustrious Met Gala💃 causing a storm on the internet amongst fans, and netizens rooting for their favorite stars, let’s delve into what fate the startup ecosystem has met this week in the 16th edition of our weekly newsletter.
Giddy up! 💪
Zomato’s share prices hit an all-time
low of Rs. 57.65 🚩
In continuation to the downside trade pattern of Zomato, its share prices dropped to an all-time low of Rs. 57.65 on NSE.
Zomato’s IPO was one of the most celebrated ones with its price being Rs. 115 on its IPO day. Zomato started hitting lows in the stock market on a regular basis and it finally reached an all-time low, losing 65% in the last 4-5 months.
It is believed that Zomato is facing a severe cash flow problem as its operational cost is running quite high and the company is unable to bring it down below its cash inflow. Some also believe that Zomato’s biggest problem is that it still thinks and acts like a startup despite being a listed company.
We often hear startups offering lofty ESOPs to their employees to lure them in. But what exactly are ESOPs and how do they work?
Let’s find out…
ESOP or employee stock ownership plans are a type of employee benefit which allows employees to acquire stocks or ownership in the company.
Creating an ESOP pool of anywhere between 10-20% prior to receiving funding from investors is a common practice. Investors encourage founders to create ESOP pools to attract and retain talent.
We see our customers as invited guests to a party, and we are the hosts. It’s our job everyday to make every important aspect of the customer experience a little bit better.
We’re back with yet another intriguing game for you to put your wits to a challenge!
Find out the names of 10 unicorn startups of India in the below puzzle. 🎯
Find out how the likes of Google, Facebook, and Amazon saved taxes worth 1 trillion dollars💲…
An interesting video about how these multi-billion dollar companies evade tax laws in the states by leveraging the tax laws of other countries and saving billions of dollars for themselves.
Now, that brings us to the end of this week’s newsletter <3
Rest assured, we’ll meet again with more interesting stories, informative news, and fun games.
Adios Amigos! ❤