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Cashfree Payments announces ESOP buyback for over 400 employees

EntrackrEntrackr · 1m 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 Cashfree’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 company’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 company’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 · 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.

CoinDCX announces Rs 111 Cr ESOP buyback for current and former employees

EntrackrEntrackr · 4h ago
CoinDCX announces Rs 111 Cr ESOP buyback for current and former employees
Medial

CoinDCX announces Rs 111 Cr ESOP buyback for current and former employees Crypto exchange CoinDCX operates under the DCX Group, which also includes CoinDCX Ventures and Okto, its Web3 wallet platform with over 20 million users. Crypto exchange CoinDCX has announced its largest-ever ESOP (Employee Stock Ownership Plan) liquidity event worth Rs 111 crore. The strategic buyback will enable wealth creation for over 500 current and former employees of the Mumbai-based company. The development comes four months after CoinDCX received an undisclosed investment from Coinbase at a post-money valuation of $2.45 billion. The company’s latest major funding round was in April 2022, when it raised $135 million at a valuation of over $2 billion. Commenting on the buyback, Sumit Gupta, co-founder of CoinDCX, said, “The Indian crypto industry has navigated an incredibly demanding landscape, particularly as we work toward a more defined regulatory framework. Yet, despite these headwinds, CoinDCX has emerged stronger and more resilient than ever. This is a testament to the unwavering trust of over 2 crore customers in India and the UAE, and the steady support of our investors and ecosystem partners.” Founded in 2018, CoinDCX offers crypto trading and investment services to more than 20 million users in India. The platform supports over 500 crypto assets and 200 trading pairs across products tailored for both retail and institutional investors. In 2024, the company entered the Middle East and North Africa (MENA) region through the acquisition of BitOasis. CoinDCX operates under the DCX Group, which also includes CoinDCX Ventures and Okto, its Web3 wallet platform with over 20 million users. This is the fourth major ESOP buyback announced in 2026. Recently, Cashfree rolled out an ESOP buyback for over 400 employees, healthtech firm Innovaccer completed a buyback worth about $75 million, and SaaS unicorn BrowserStack announced a $125 million ESOP liquidity programme. For context, ESOP buyback activity in 2025 remained subdued at just over $75 million. In comparison, total ESOP buybacks, payouts, and liquidity stood at around $190 million in 2024, significantly lower than $802 million in 2023, $440 million in 2021, and $200 million in 2022.

Cashfree Rolls Out Payment Solution For Software Businesses

Inc42Inc42 · 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 · 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. XYXX’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. XYXX’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 XYXX’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.

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