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BrowserStack launches $125 Mn ESOP buyback for employees and early backers

EntrackrEntrackr · 14h ago
BrowserStack launches $125 Mn ESOP buyback for employees and early backers
Medial

BrowserStack launches $125 Mn ESOP buyback for employees and early backers According to the company, the total capital returned to shareholders across three buyback cycles will reach around $275 million. Mumbai-headquartered software testing platform BrowserStack is launching a $125 million share buyback programme to provide liquidity to its employees and early backers. The buyback will allow stakeholders, including nearly 500 employees, to sell their shares back to the company. An ET report added that about half of the total buyback amount has been earmarked for employees, while the remaining portion will go to early investors such as Accel. In September 2021, BrowserStack had announced its second ESOP buyback worth $50 million, following its first ESOP buyback programme executed in February 2021. The company turned unicorn in June 2021 after raising $200 million in Series B funding at a $4 billion valuation. Founded in 2011, BrowserStack provides cloud-based software testing tools that enable developers and QA teams to test websites and mobile applications across a wide range of devices, operating systems, and browsers. The company serves customers globally from offices in Mumbai, San Francisco, New York, and Dublin. BrowserStack claims to be among the leading software testing platforms, powering over two million tests every day across 17 global data centres. In May last year, the company acquired Requestly, a tool for HTTP interception, API mocking, and debugging, for an undisclosed amount. It also acquired Berlin-based bug detection and reporting platform Bird Eats Bug for $20 million in 2024. Meanwhile, ESOP buyback activity in 2025 remained muted at a little over $75 million. In comparison, total ESOP buybacks, payouts, and liquidity stood at about $190 million in 2024, sharply lower than $802 million in 2023, $440 million in 2021, and $200 million in 2022.

Flipkart announces new ESOP liquidity worth $50 Mn

EntrackrEntrackr · 6m ago
Flipkart announces new ESOP liquidity worth $50 Mn
Medial

Flipkart announces new ESOP liquidity worth $50 Mn This announcement follows Flipkart’s record $700 million payout to employees in 2023, one of the largest ESOP buyback events in Indian startup history. Flipkart has announced a fresh ESOP (Employee Stock Option Plan) liquidity opportunity for its employees, according to an internal note from the company’s chief executive officer Kalyan Krishnamurthy. As per the note, eligible employees will be allowed to liquidate up to 5% of their vested ESOPs as of July 5, 2025, at a buyback price of $174.32 per option. Payouts will be made in August 2025 under the Flipkart Stock Option Plan 2012. An ET report estimates the size of the ESOP buyback at $50 million, with 7,000 to 7,500 employees expected to benefit from the liquidity program. Flipkart is currently valued at around $36 billion. Krishnamurthy also added that if key performance goals are met by the end of 2025, another 5% liquidity window could open in early 2026. A Flipkart spokesperson confirmed the development to Entrackr. This announcement follows Flipkart’s record $700 million payout to employees in 2023, one of the largest ESOP buyback events in Indian startup history. Media reports indicate the firm plans to launch its IPO with a valuation of $60-$70 billion. The company’s board has already approved the process to shift its holding structure from Singapore to India. In 2025, a clutch of startups including Darwinbox, Rapido, Univest, Deserve, and Even Healthcare have implemented ESOP buyback, liquidity, and payout programs worth around $67 million. In 2024, more than 20 startups implemented $200 million. According to startup data intelligence platform TheKredible, the ESOP buyback or liquidity amount stood at $802 million in 2023, $440 million in 2021, and $200 million in 2022.

Whatfix rolls out $58 Mn liquidity event for employees and investors

EntrackrEntrackr · 1y ago
Whatfix rolls out $58 Mn liquidity event for employees and investors
Medial

Whatfix, a digital adoption platform (DAP), has introduced a $58 million liquidity program for its employees and investors. This marks the company’s fourth buyback of employee stock options (ESOPs). The Bengaluru-based company stated that eligible current and former employees now have the chance to sell a portion of their vested units at a premium over the earlier Series D valuation. This announcement comes on the heels of the company’s recent $125 million Series E funding round, led by Warburg Pincus, with contributions from existing investor SoftBank Vision Fund 2. Consequently, the firm’s valuation increased to $900 million from $600 million during Series D fundraise. It has raised over $265 million to date Whatfix introduced its first employee stock ownership plan or ESOP buyback scheme worth $4.3 million in July 2021. The firm did not announce the other two buybacks in the media. Founded by Khadim Batti and Vara Kumar, Whatfix provides in-app guidance and performance support for web applications and software products. Its tools are used by large companies to drive efficiency. The company asserts that it has been awarded five patents by the US Patent Office, with an additional 18 patents in the works. Despite facing macroeconomic challenges over the past two to three years, Whatfix claims to have kept its cash burn low while sustaining growth. The firm has doubled its workforce to over 960 employees, and has opened four new offices in Singapore, Germany, Australia, and India since its Series D funding round. This is the second largest ESOP buyback in 2024. In July, IPO-bound food delivery and quick commerce firm Swiggy announced an ESOPs liquidity programme worth $65 million. In the ongoing calendar year, Urban Company, MyGate, Classplus, Meesho, The Sleep Company, XYXX, Purplle, Dehaaat, Leverage Edu, Pocket FM and Adda247 bought back ESOPs from their employees.

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