🚗💨 Spinny, the pre-owned car marketplace, is revving up its Employee Stock Ownership Plan (ESOP) by adding a whopping 23.7M options! 📈 That's a total of 178M options, pending shareholder approval. 🎉

Why? To attract, retain, and motivate employees, of course! 🌟 Spinny wants its peeps to share in the company's future success and feel a sense of ownership. 🤝

Based on their valuation in July 2023, the total ESOP pool is worth around INR 936.9 crore. 🤑 Not too shabby, eh?

Spinny's been on a roll since 2015, operating 36 car hubs across 22 Indian cities, and raising over $500M to date. 🌆🚀

But the competition is fierce! 🥊 Spinny's up against Cars24, Droom, CarDekho, and CarTrade. The ESOP expansion shows they're serious about using employee motivation to stay ahead. 🏆

What do you think about Spinny's move? 🤔 Share your thoughts in the comments! 💬 #DeFi #Web3 #Technology