Sunday, March 03, 2024
Outlook.com
Outlook India
Outlook Business

Flipkart Co-Founder Binny Bansal’s xto10x Gives Moonlighting A Nod

In its statement, the company said it would encourage employees to explore different opportunities for growing up

Flipkart Co-Founder Binny Bansal’s xto10x Gives Moonlighting A Nod
POSTED ON December 24, 2022 6:54 PM

Flipkart’s co-founder Binny Bansal's company xto10x launched its new moonlighting policy that allows employees to pursue other professional experiences while working full-time in the company. 

What is Moonlighting? 

According to USLegal, Moonlighting refers to a person doing a second job after normal working hours. 

In its statement, the company said it would encourage employees to explore different opportunities for growing up. It also said they would not need any approval to undertake projects from other companies. 

Neeraj Agarwal, the chief operating officer (COO) and co-founder of xto10x, said, “Trust is a foundation of our team's success. We believe people should be able to pursue their passions alongside their full-time jobs since this can aid them in excelling at the company. As an employee-centric organization, we believe in creating a work environment where employees can thrive.”

“As a team, we trust our members to make the right decision about what engagements to take on and to disclose if they're getting paid for them. They do not have to obtain approval for pro bono or paid work as long as it does not harm xto10x interests,” he added. 

Prior to this, Indian food tech giant Swiggy allowed employees to take up other jobs after working hours or on weekends. However, the company also stated it should not impact its business. 

However, IT (information technology) companies like Wipro, Infosys and IBM spoke against Moonlighting. Wipro CEO took the issue to Twitter and compared the practise with cheating. 

  • Related Articles

    Prior to this, the start-up raised $25 million in a series A funding round led by Tiger Global in November 2021

    Battery Smart Raises Rs 75 Crore From Stride Ventures

    In July 2021, it bagged a $4 million investment in a pre-Series A round led by Rebright Partners and Flourish Ventures

    Aquaconnect Raises $15 Million From Lok Capital

    Defending itself on the allegation of mis-selling, Byju's said it does not encourage, order or incentivise its sales staff and managers to pursue customers who are uninterested in or unable to pay...

    98.5 Per Cent Refunds Processed Within 48 Hours; Byju's Responds To NCPCR