GoKwik Adds Non-Compete to ESOP Plan

GoKwik amended its ESOP Plan 2021 in August by adding a non-compete clause listing nine companies, including Razorpay and Shiprocket. This move allows the startup to revoke vested-but-unexercised options if employees join competitors, a change communicated during a period of senior-level exits and layoffs. The policy remains in force for two years after an employee's departure.