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This small company’s ESOPs will make its housekeeping staff wealthy

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Kumba SK, janitor, and Vimala, housekeeping staff at DriveU office. Both own employee stocks. (Pic: via special arrangement)

Synopsis

Infosys started the practice of granting ESOPs to its office assistants and drivers. In the last 15 years, startups have granted billions of dollars’ worth of ESOPs but largely to the senior staff. A small technology startup is making it more inclusive again.

Thomas Piketty would have approved of what Rahm Shastry had done. Shastry is the founder of DriveU, a rent-a-driver platform. The trajectory of Kumba, a watchman at DriveU, will testify Shastry’s thinking. Kumba left Baadwala, an obscure village in far western Nepal, on a rickety bus. He crossed the Himalayas and got down at the border town of Banbasa in Uttarakhand, India. An overnight bus trip from there took him to Delhi. Then he sat

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