Startups allocate 68% of revenue to employee compensation: Report

Early-stage start-ups favor commission-based incentives, while late-stage companies integrate performance-linked incentive plans

The growth-stage startups in the country allocate an average of 68 percent of their revenue to employee compensation, comprising cash, according to a report by scaling platform xto10x. Neeraj Aggarwal, Co-founder and Chief Operating Officer at xto10x, said that compensation and payroll spending are among the two significant things to get right for start-ups, apart… Continue reading Startups allocate 68% of revenue to employee compensation: Report

Adani Wilmar to acquire brand Tops owner GD Foods

Adani Wilmar to acquire GD Foods--owner of brand Tops

The acquisition will be executed in two tranches, with 80 percent of the shares will be acquired in the first tranche and the remaining 20 percent will be acquired over the next three years.