Sciative, the pricing company offering AI-powered automated price optimisation systems, recently rolled out employee stock options (ESOPs) for its employees. Interestingly, the average age of its team is 24.
The ‘ESOP Grant Letters of Sciative Solutions – We Price Right’ are aimed at empowering the young team members who are an integral part of the Company.
Sciative was launched in 2017, with a motive to enable every business price right every time. With a workforce strength of about 30, the Company has 17 years of experience in the price optimisation industry.
Anshu Jalora, founder and MD, Sciative, is full of appreciation for the young team of Sciative and admits, “The vision with which we founded Sciative could not become a reality without the support of our incredible team. We have rolled out ESOPs not only to inculcate a feeling of ownership among these young team mates but also as a gesture of gratitude towards the remarkable work they have done to take Sciative to greater heights.”
The young shareholding team is revolutionising dynamic pricing for over 25 per cent of the Indian intercity bus ticket market. The team members are helping drive dynamic pricing for the most complicated and diverse television channels in India along with successfully enabling pricing for over 200 brands globally.
Sciative’s prices power products from handbags to shoes, electronics to home décor, and many more. At the top of these achievements, the team is building cutting-edge SaaS products that intelligently price over three billion products and services daily.
Acknowledging the team’s talent and hard work, Vijeta Soni, co-founder & CEO, Sciative, says, “Their capabilities have enabled us to make transformational products, which are revolutionising pricing across industries.”
Sciative’s artificial intelligence-powered technology tools help companies find the right prices for every product, market, customer and transaction. It is powering price optimisation globally across industries – such as retail, e-commerce, hospitality, travel, entertainment, technology services, CPG and industrial products.