Hearzap, a fast-growing hearing care startup based in India, has launched a new Employee Stock Ownership Plan (ESOP) worth Rs 8 crore. This move is aimed at recognising and rewarding employees who have contributed to the company’s growth. Through this program, eligible employees will receive stock options, giving them the chance to become shareholders and grow personally and financially along with the organisation. The ESOP is designed to build a culture of ownership and trust within the company.
With an overall revenue growth of 20 percent in the financial year 2024-25, Hearzap is taking a major step toward strengthening employee engagement by introducing the ESOP plan. The initiative is expected to boost team motivation while also creating long-term wealth-building opportunities for those involved. According to the company, this is not just a financial decision but also a statement of appreciation towards employee loyalty and adaptability during the company’s scaling journey.
Hearing Care Startup Plans Expansion
Hearzap currently operates over 150 hearing experience stores across India and has served more than 1.2 million customers. The company is dedicated to making hearing health accessible and affordable across the country. By financial year 2026, it aims to grow to 250 stores, with a long-term goal of reaching 500 stores thereafter. Hearzap has set an ambitious target of doubling its growth in the next three years, with the support of its expanding team and rising customer demand for quality hearing solutions.
Raja S., Managing Director of Hearzap, shared that the ESOP program is a reflection of the company’s belief in shared prosperity. He stated that the move is about recognising the contributions of every employee and encouraging a culture where everyone grows together. According to him, Hearzap is more than just a workplace—it is a space where individuals can develop both professionally and financially.
Focus on 360-Degree Hearing Health Solutions
Hearzap provides full-spectrum hearing care solutions and has been working to solve challenges related to hearing health awareness, affordability, and access. As the company continues to grow, its mission remains rooted in creating a lasting impact in the hearing care sector. The ESOP plan is one of many steps in aligning the company’s growth with the well-being and aspirations of its employees.
