The B2B agritech company Ninjacart has given its employees more stock options as part of an expansion of its current 63Ideas Infolabs ESOP Plan-2023.

According to Ninjacart's regulatory filing obtained through the Registrar of Companies (RoC), the board has adopted a special resolution to add 2,397 employee stock options to its current plan, increasing the total number of ESOP options to 8,919 options.

The application also stated that the extension of the ESOP pool is intended to increase employee ownership and provide welfare possibilities to a larger range of workers.

Fintrackr believes that the total value of the ESOP pool was 472 crore, or $55 million, while the newly added ESOPs are valued at about 127 crore, or $15 million. Notably, the company's most recent investment round serves as the basis for these estimations.

Ninjacart is a marketplace that uses technology to solve supply chain issues by bringing together farmers, merchants, and retailers. Targeted solutions like Ninja Kisaan for farmers and Ninja Mandi for traders are part of its strategy.

Tiger Global, Walmart, Accel, Tanglin Ventures, and other investors have contributed more than $400 million to Ninjacart's fundraising. Considered a soonicorn, the ten-year-old business was recently valued at about $815 million. Notably, for the last three years, the business has not raised any money.

DeHaat, Absolute, and Wacool are its competitors in terms of valuation; their respective values are approximately $500 million, $500 million, and $460 million.