Innoviti facilitates third round of Employee Share and ESOPs resale; Kickstarting the new financial year with a bang

Bengaluru (Karnataka) [India], April 27 (ANI/PRNewswire): Innoviti Technologies (formerly Innoviti Payment Solutions), India’s largest collaborative commerce platform, enables employees to sell their ESOPs and shares to secondary buyers for the third time. The pay-out as the second tranche within the financial year, marks the start of the new financial year to boost team confidence. The organization was also certified as a Great Place to Work for the second time in a row in February 2023, with a phenomenal overall score of 85 points.

https://www.upsc.gov.in/FR-CSM-22-engl-230523.pdf

The ESOP scheme is open to all full-time Innoviti employees, across all grades, with options being awarded based on performance and loyalty. The share sale was facilitated to Innoviti employees who had expressed an interest in selling their shares. Navneeth Sulakhe, Senior Vice President, and Head HR, at Innoviti, said, “Innoviti as a frontrunner in India’s enterprise retail sector is recognized as the most valued technology partner by the country’s top businesses. This is a testament to our investment in continuously innovating our core platform. The performance-driven culture at Innoviti is geared towards especially rewarding the effort, creativity and potential to develop cutting-edge solutions that inspire new limits. To express our appreciation and empower our employees to live a more fulfilling life, we launched an ESOP and share buyback program at the start of this financial year.

https://www.upsc.gov.in/FR-CSM-22-engl-230523.pdf

Through this initiative, our teams are motivated to work harder for themselves while contributing to the organization’s progress.”
The company’s core brand values of urgency, curiosity, self-management, quality and risk-taking have earned high respect from clients across the board, enabling it to record impressive statistics like 90% weekly transactions across stores, which is 65% above the industry average, a $1.2m GTV per software usage that is double the industry average, and a -25% churn rate. This is fuelling Innoviti to be on a high-growth transformation path. The company is set to double its revenue and is focused on creating better top-line and bottom-line incomes.
Innoviti holds leadership in providing technology-led solutions and platforms for enabling businesses to profit while processing payments digitally by leveraging the public digital infrastructure and technologies. Its smart growth tools help innovate futuristic collaborative platforms with features like cost-sharing and co-marketing collaborations that create better business efficiencies and accessibility for smaller businesses. Businesses grow up to 3x revenue at 1/3 cost using Innoviti growth and efficiency tools positioning it as market leader with annualised GTV of $10B

https://www.upsc.gov.in/FR-CSM-22-engl-230523.pdf