Sale of a company often leaves employees high and dry, but not in the case of Snapdeal that may offer a Rs 193 crore bonanza to its staff if the homegrown e-commerce firm is taken over by larger rival Flipkart.
According to sources, if the deal goes through, the founders will give half of their payout ($30 million) for the proposed scheme which would cover all current employees of Snapdeal.
Snapdeal has about 1,500-2,000 staffers.
"The founders have asked the Board to carve out $30 million (about Rs 193 crore) from their settlement for payouts to the Snapdeal team. They want to ensure that the team does not get sidelined in any manner," they added.
Some former senior executives of Snapdeal, who have left the firm in the past 12 months, could also benefit from the process.
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