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Fintech unicorn Yubi Group, formerly known as CredAvenue, has rolled out additional stock options for its eligible employees worth INR 245 Cr (nearly $29 Mn)

As per Registrar of Companies (RoC) filings accessed by Inc42, the company's board approved the allocation of 11 Lakh stock options under its existing 2022 Employee Stock Option Plan (ESOP) and an additional 11 Lakh options under its new 2024 ESOP scheme.

With this, Yubi's 2022 ESOP pool will now increase to 49.08 Lakh options. Overall, the total size of the fintech unicorn's ESOP pool will now increase to over INR 1,000 Cr.
 

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