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Cashfree Payments announces ESOP buyback for over 400 employees

EntrackrEntrackr ยท 3d ago
Cashfree Payments announces ESOP buyback for over 400 employees
Medial

Cashfree Payments announces ESOP buyback for over 400 employees Bengaluru-based fintech firm Cashfree Payments has announced an ESOP buyback programme covering over 400 employees, including 175 former employees. The buyback provides liquidity to current and former team members holding vested stock options. Cashfree did not disclose the size of the buyback or the valuation at which the shares were repurchased. The move comes a year after Cashfreeโ€™s $53 million funding round led by Krafton. Overall, the company has raised $95 million from investors, including Y Combinator, Smilegate Investments, and State Bank of India. Founded in 2015, Cashfree Payments operates a payments and payouts infrastructure platform for businesses. The company processes more than $80 billion in annual payment volumes and serves over one million merchants, including startups and large internet companies. Cashfree has also been expanding its cross-border payments business, which currently contributes around 10% of the companyโ€™s revenue, following strong growth in transaction volumes over the past year. According to TheKredible, Cashfree reported operating revenue of Rs 640 crore in FY25, compared with Rs 643 crore in FY24. The companyโ€™s net loss widened 14% to Rs 154 crore from Rs 135 crore in the previous fiscal year. This marks the third major ESOP buyback announcement in 2026. Recently, healthtech firm Innovaccer completed an ESOP buyback worth around $75 million, while SaaS unicorn BrowserStack announced a $125 million ESOP liquidity programme. For context, ESOP buyback activity in 2025 remained muted at just over $75 million. In comparison, total ESOP buybacks, payouts, and liquidity stood at about $190 million in 2024, significantly lower than $802 million in 2023, $440 million in 2021, and $200 million in 2022.

The Sleep Company rolls out second tranche of ESOP buyback for 105 employees

EntrackrEntrackr ยท 1y ago
The Sleep Company rolls out second tranche of ESOP buyback for 105 employees
Medial

Comfort-tech brand The Sleep Company has announced the second tranche of ESOP (employee stock ownership plan) buyback for its employees. The current buyback will benefit a total of 105 employees, including 50% of women employees. After securing Rs 13.4 crore in pre-Series A, and Rs 177 crore in a Series B round led by Premji Invest and Fireside Ventures, the company recently secured Rs 184 crore in Series C Funding. The Sleep Company has rolled out the second tranche of the programme in just four years since its inception, which is set to benefit employees irrespective of their seniority. The company rolled out its first ESOP buyback programme in 2023 worth Rs 83.47 lakh. Founded by Priyanka and Harshil Salot, The Sleep Company offers premium products with technology rooted in developments in material science and sleep science. In June 2022, the platform marked its foray into offline retail with the launch of its first store in Bengaluru, to open over 150 stores by end of 2024. The firm claims to have achieved significant growth with its revenue growing 2.6 times over the last 12 months, reaching Rs 130 crore in sales in 2023. Through its omnichannel model, the company has over 70 stores across the country and is well on its way to opening 150 stores by the end of 2024. Last month, audio series platform Pocket FM announced its first ESOP buyback worth $8.3 million. As per data compiled by TheKredible, the total EOSP buyback/payout/liquidity stood at nearly $802 million in 2023. In 2021 and 2022, the buyback amount was recorded at $440 and $200 million respectively. In 2024, MyGate, Classplus and Meesho also completed their ESOP buyback scheme.

Cashfree Rolls Out Payment Solution For Software Businesses

Inc42Inc42 ยท 1y ago
Cashfree Rolls Out Payment Solution For Software Businesses
Medial

Cashfree Payments has introduced Embedded Payments, a new payment solution for software platforms to enhance the payment experience for businesses. This solution enables software platforms, such as ERPs, CRMs, SaaS, or billing platforms, to facilitate direct payments between businesses and users. It seamlessly integrates financial transactions within the digital platform, allowing end users to initiate payments and transfer funds to the business's designated account within the platform's environment. Cashfree claims that over 120 payment modes can be offered without redirects or external interfaces. The solution simplifies merchant onboarding and provides easy integration for managing payments, refunds, and settlements.

XYXX announces ESOP buyback program

EntrackrEntrackr ยท 1y ago
XYXX announces ESOP buyback program
Medial

Men-focused premium innerwear and lifestyle brand XYXX has announced its first Employee Stock Ownership Plan (ESOP) buyback. XYXXโ€™s ESOP programme was introduced 4 years ago, and employees who have completed their tenure are eligible for the buyback. According to the firm, the eligible employees are allowed to liquidate at a 6X premium on the allotted price with zero strike price. XYXXโ€™s ESOP buyback programme currently includes employees spanning from senior managers to heads of departments as well as executive leadership. The buyback comes within a year of XYXXโ€™s $13.5 million Series C round led by Amazon Smbhav Venture Fund. XYXX claims to have pan-India presence with over 22,000 touchpoints through top Multi Brand Outlets (MBOs), a strong modern trade presence with Shoppers Stop, and Reliance Trends, amongst others as well as Exclusive Brand Outlets (EBOs) in multiple key cities. Its products are available on website (xyxxcrew.com) and available on e-commerce marketplaces including Amazon, Flipkart, Myntra and Ajio. On Monday, audio series platform Pocket FM announced its first ESOP buyback worth $8.3 million. As per data compiled by TheKredible, the total EOSP buyback/payout/liquidity stood at nearly $802 million in 2023. In 2021 and 2022, the buyback amount was recorded at $440 and $200 million respectively. In 2024, MyGate, Classplus and Meesho also completed their ESOP buyback scheme.

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

EntrackrEntrackr ยท 11d 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.

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