The company has reinstated salaries before pandemic-infused pay cuts for the laid-off employees ESOP holders will be awarded on a pro-rata basis Bengaluru-based two-wheeler rental startup Bounce. The startup's three founders - Vivekananda Hallekere, Varun Agni, and Anil Giriraj - will all be taking a 100% pay cut. A statement from Bounce said, "The three founders, Vivekananda Hallekere, Varun Agni, and Anil Giriraj have announced a 100 percent pay cut; while the rest of the staff has agreed to forgo 20-60 percent of their compensation." In this one-on-one conversation with Vivekananda, we ask him interesting questions regarding investing, the debt market and his smartest financial decisions. For others the extent of reduction would . Bounce laid off employees and Co-Founders Vivekananda Hallekere, Varun Agni, and Anil G took a 100 per cent pay cut. No company initiative has been recorded for Vivekananda Hallekere View All. No result to show. This will give us run-way of beyond 30 months. NEW DELHI: Scooter rental platform Bounce on Monday announced to lay off 130 employees or 22 per cent of its total workforce, a decision which is an outcome of a change in its business priorities in COVID-19 times. This move will give the Bengaluru startup a runway of over 30 months after raising $105 million in January. 47 Mins Read. "Founders would. Founder & CEO, Bounce. The three founders, Vivekananda Hallekere, Varun Agni and Anil Giriraj announced a 100% pay cut in their salary; while the rest of staff have agreed to forgo 20-60% of their compensation. Scooter rental platform Bounce on Monday announced to lay off 130 employees or 22% of its total workforce, a decision which is an outcome of a change in its business priorities in Covid-19 times. The three founders, Vivekananda Hallekere, Varun Agni, and Anil Giriraj took 100% pay cut, while the rest of the employees had agreed to 20% to 60% deductions from their salary in exchange of employee stock ownership plans. An angel investor, Vivek is the Founder of Bounce and is on a mission to transform mobility in India. At Bounce, the Sequoia-backed scooter sharing start-up, co-founders Vivekananda Hallekere, Varun Agni and Anil Giriraj are taking a 100 per cent pay cut. The employees will. Vivekananda Hallekere is the co-founder and CEO of Bounce, India's first smart urban mobility solution, with a mission of making daily commute stress-free, time-saving, reliable and convenient. . Also, the leaving employees will be given a severance of three month's salary, as per what they earned before the salary cuts. As per the blog from the start-up: the outgoing employees will be paid their pending salaries, including the entire amount that was deferred in April. Vivekananda has 4 jobs listed on their profile. See the complete profile on LinkedIn and discover Vivekananda's connections and jobs at similar companies. The CEO's note also mentioned that all laid-off employees will be given a severance of three month's salary, as per their original pay before the announced cuts in April, 2020. Bounce is an idea like no other, which in a way has revolutionised the Indian transport and logistics industry. Today, we converse with Bounce's CEO Vivekananda Hallekere. Dear Reader, The rest of the employees have agreed to a 20% to 60% pay cut in . "Needless to say, Founders would take a 100% pay cut. The measures apply only to employees on the roll of the company and will not be applicable to those who earn less than Rs 3 lakh per annum. The startup's three founders - Vivekananda Hallekere, Varun Agni, and Anil Giriraj - will all be taking a 100% pay cut. Outgoing employees will be paid pending salaries, including the entire amount that was . Vivekananda Hallekere, co-founder and chief executive of mobility firm Bounce, said the firm had cut salary across the board — except for those who make less than $3,950 a year. Bounce grew from a few hundred rides per day to over 25 million rides in . Vivekananda Hallekere. March 20, 2020. Updated: 01 Jul 2020, 06:31 AM IST Salman S.H. For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions, according to multiple sources. Primary Investor Type. Bounce founders, Vivekananda Hallekere, Varun Agni and Anil Giriraj have announced a 100% pay cut in their salaries, while the rest of staff have agreed to forgo 20-60% of their compensation. 10,000 or More employees. Vivekananda Hallekere, CEO and co-founder, Bounce said, "We welcome Honourable Finance Minister's progressive vision to facilitate faster adoption of electric vehicles in the country. Wicked Ride Adventure Services Private Limited CEO, Co-Founder Sep 1, 2014. He strongly believes that mobility is a basic human need just like food, water and shelter; thereby, he advocates the democratisation of commuting . He strongly believes that mobility is a basic human need just like food, water and shelter; thereby, he advocates the democratisation of commuting . Podcast. Part of program. Number of Current Jobs 2. A statement from Bounce said, "The three founders, Vivekananda Hallekere, Varun Agni, and Anil Giriraj have announced a 100 percent pay cut; while the rest of the staff has agreed to forgo 20-60 . The pay cut is for employees whose annual salary is above Rs 3 lakh while the founders are taking a 100% cut. Outgoing employees will be paid pending salaries, including the entire amount that was . In April, the company had announced salary cuts to avoid laying off its employees. The three founders, Vivekananda Hallekere, Varun Agni and. Let's begin. Employees would take pay cuts of 20-60 percent based on salary slabs, a part of which will be compensated by employee stock options, co-founder and CEO Vivekananda Hallekere tweeted. The company, however, is. Vivekananda has 4 jobs listed on their profile. Vivekananda Hallekere, CEO and co-founder of Bounce, a two-wheeler rental startup, said that the delivery industry was one such segment that had witnessed a positive change because of the nature . This included betting big on the opportunity of scaling up its battery-swapping infrastructure. As part of the exercise, the entire deferred amount will be given to them," said Bounce Co-Founder and CEO Vivekananda Hallekere. Vivekananda Hallekere has 2 current jobs as CEO, Co-Founder at Wicked Ride Adventure Services Private Limited and Chief Executive Officer and Co-Founder at Bounce. A statement from Bounce said, "The three founders, Vivekananda Hallekere, Varun Agni, and Anil Giriraj have announced a 100 percent pay cut; while the rest of the staff has agreed to forgo 20-60. "The Bounce Infinity E1 is designed and engineered to cater to the evolving needs of electric scooter customers in India. Bounce Chief Executive Officer and Co-Founder Apr 2014. All employees leaving will be given a severance of three months' salary, as per their original salary before the salary cuts. Bike-rental startup Bounce 's CEO and Co-founder Vivekanada Hallekere on Tuesday announced that the . The startup's three founders - Vivekananda Hallekere, Varun Agni, and Anil Giriraj - will all be taking a 100% pay cut. Six-year-old Bounce had last raised $96.8 million in its Series D round in January this year and competes with Vogo, Onn Bikes, and other two-wheeler rental startups. IMD . Mr. Vivekananda Hallekere is a Co-Founder and serves as the Chief Executive Officer and Board Member at Bounce. The three founders, Vivekananda Hallekere, Varun Agni, and Anil Giriraj took 100% pay cut, while the rest of the employees had agreed to 20% to 60% deductions from their salary in exchange of employee stock ownership plans. He said the company has built strategic partnerships with several original equipment manufacturers (OEMs) for electric and battery components for the EV transition. We @bounceshare have announced salary cuts across the org other than those less than 3 Lakhs p.a. Bounce founders, Vivekananda Hallekere, Varun Agni and Anil Giriraj have announced a 100% pay cut in their salaries, while the rest of staff have agreed to forgo 20-60% of their compensation. Premium Bounce co-founder Vivekananda Hallekere 1 min read. View Vivekananda Hallekere's profile on LinkedIn, the world's largest professional community. View Vivekananda Hallekere's profile on LinkedIn, the world's largest professional community. IMD . Vivekananda Hallekere is the co-founder and CEO of Bounce, India's first smart urban mobility solution, with a mission of making daily commute stress-free, time-saving, reliable and convenient. A file photo of Bounce co-founders: (L-R) Varun Agni, Anil Giri and Vivekananda Hallekere. 104 companies. Updated: 01 Jul 2020, 06:31 AM IST Salman S.H. To tackle the Covid-induced downturn, the firm changed its strategy and jumped on the EV bandwagon. Premium Bounce co-founder Vivekananda Hallekere 1 min read. ₹10,000 - ₹2L • 10.0% - 20.0% 6 days ago Save Apply Manager - Search Engine Optimization Bangalore Urban ₹30,000 - ₹1L • No equity 1 month ago Save Apply Senior Copy-Writer Bangalore Urban ₹30,000 - ₹90,000 • No equity 1 month ago Save Apply Founders View all team members Funding View all funding Total raised $12.9M Funded over 2 rounds In April, the company had announced salary cuts to avoid laying off its employees. IOT & Mass Transit/Public Transit (Startups & Topics) 10,000 or More employees. 1. Bengaluru-based scooter rental startup announced an organisation-wide, temporary salary deduction to tide over the current uncertainty. Number 1705; The rest of the employees have agreed to a 20% to 60% pay cut in . Indian scooter-sharing startup Bounce announced company-wide salary cuts to keep the business afloat in light of the COVID-19 crisis. See the complete profile on LinkedIn and discover Vivekananda's connections and jobs at similar companies. The rest of the employees have agreed to a 20% to 60% pay cut in exchange for employee stock ownership plans. We are glad to announce that we are the first and only ones to provide both options - to swap batteries from our network as well as charge-at-home - for the Infinity E1," said Vivekananda Hallekere, Co-founder-CEO Bounce. The scooter rental startup was making a decent ₹30-40. Vivekananda Hallekere General Information Description. He is an Angel Investor. Angel (individual) Primary Office. The startup's three founders - Vivekananda Hallekere, Varun Agni, and Anil Giriraj - will all be taking a 100% pay cut. The founders, Vivekananda Hallekere, Varun Agni and Anil Giriraj said that they will forego their salaries from the month of April. At Bounce, the Sequoia-backed scooter sharing start-up, co-founders Vivekananda Hallekere, Varun Agni and Anil Giriraj are taking a 100 per cent pay cut. 55 companies. We @bounceshare have announced salary cuts across the org other than those less than 3 Lakhs p.a. Contact Information. When Covid-19 impacted business, we took advantage of the period to accelerate our EV adoption strategy," Vivekananda Hallekere, CEO and co-founder of Bounce, said. Bounce Infinity CEO/CO-Founder Vivekananda Hallekere explained on Battery safety and its features. The decision comes into effect from April 1. The three founders, Vivekananda Hallekere, Varun Agni and Anil Giriraj have announced a 100% pay cut in their salary; while the rest of staff have agreed to forgo 20-60% of their compensation. Bounce co-founder Vivekananda Hallekere said in a blog that . Contributed Posts. I hope this video provides battery related information and. 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