Get a free quote
Blog Posts

CarDekho to offer ESOP scheme worth $3.5 million

The first ESOP cash out was announced in April 2019

Automobile portal CarDekho offer an ESOP cash-out scheme worth $3.5 million (over Rs 24 crore) to about 100 of its current and former employees.

CarDekho will allow eligible employees (current and former) to cash out 50 per cent of their vested options under Girnarsoft group’s ESOP Exercise and Secondary Sale Plan, a statement said.

“The current discretionary ESOP cash-out scheme is valid for both existing employees who have served 2 years and former employees who have served 4 years in the company and held vested options as of 31st January 2020,” it added.

The cash-out, estimated to be worth $ 3.5 million, is the second one this financial year, it added.

“At CarDekho, we have always believed that our employees are our biggest asset and our most important investment. As technology is democratised its competitive advantages may diminish but it will be our employees who will continue to be our competitive advantage and key differentiating factor,” CarDekho co-founder and CEO Amit Jain said.

This scheme is merely a way of thanking the employees for their significant contributions and dedication, he added.

Founded in 2008, CarDekho had recently raised $70 million in series D round to strengthen its transactional business and expand in Southeast Asia.

Operating in India, Indonesia and the Philippine, the group operates various Indian auto portals such as and others.

Our Offices
Jaipur 1. Adarsh Nagar Office: 372-B, Adarsh Nagar,Near Bhag Singh Chowk, Jaipur – 302004 2. JTM Office: JTM, Model Town, Near Jagatpura Flyover, Jaipur - 3020173. SEZ Office: Plot No. IT-A-016-D, IT/ITes Zone of Mahindra World City, Jaipur (Raj), Pin Code - 302037
Gurgaon Suite No. 7-11, Ground Floor, VR1 & U&I, SCO-83, City centre, Sector 29, Gurgaon -122001
Hyderabad Girnar Software Pvt Ltd, 3rd floor, Jubilee square complex, Plot no 1128, Road no 36, Jubilee Hills, Hyderabad, Telangana -500 033
Mumbai Basement, Advance House, Plot-A, ARK Industrial Estate Compound, Off. Makwana Road, Marol Naka, Andheri(E), Mumbai-400059