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Even Healthcare launches first ESOP buyback worth $500K

EntrackrEntrackr · 5m ago
Even Healthcare launches first ESOP buyback worth $500K
Medial

Even Healthcare launches first ESOP buyback worth $500K Managed care provider Even Healthcare announced its first-ever Employee Stock Ownership Plan (ESOP) buyback within three years, joining Indian startups using stock rewards to retain talent and boost employee wealth. Even announced a buyback worth $0.5 million for its employees at the primary valuation without any discount. According to the company, this ensures employees receive maximum earnings from their sale and do not face an “ESOP haircut.” This buyback follows Even Healthcare’s $30 million Series A funding round in October last year. “At Even Healthcare, we believe in creating long-term financial opportunities for our employees. This buyback is a testament to our commitment to ensuring everyone who contributes to Even’s growth benefits from it. We are proud to set a new benchmark in the industry and look forward to expanding our ESOP program further,” said Matilde Giglio, co-founder of Even Healthcare. Founded in 2020 by Mayank Banerjee, Giglio, and Alessandro Ialongo, Even Healthcare offers its members free consultations, diagnostic tests, and cashless hospitalization through its in-house clinical team and insurance partners. According to the company, it only partners with hospitals that guarantee the care of its members in exchange for a recurring payment.

Talent marketplace FlexiBees raises pre-Series A round

EntrackrEntrackr · 1y ago
Talent marketplace FlexiBees raises pre-Series A round
Medial

Talent marketplace FlexiBees has raised its pre-Series A round led by Inflection Point Ventures for an undisclosed amount. The round also saw participation from Shan M S, COO of Namma Yatri, Reema Mahajan, founder of International Women in Dubai, and other notable investors. The proceeds will be used for expanding its technological infrastructure, refining its AI algorithms, and broadening its market presence to better meet the needs of both employers and talent. Founded by Shreya Prakash, Rashmi Rammohan, FlexiBees connects women professionals with part-time, project-based, and remote roles. It serves over 700 businesses globally, including major firms like Kimberly-Clark Professional and Tata Realty, as well as high-growth startups such as Qapita and Creditmantri. The startup claims to have a network of over 60,000 professionals and has placed over 1,400 women in flexible careers and impacted 20,000 women through returnship preparation and interview coaching. As of July 2024, FlexiBees has a team of over 30 professionals working remotely, all sourced from their own talent pool.

Bengaluru-based VC firm Blume Ventures invests $10M in skilling startup Interview Kickstart

IndianStartupNewsIndianStartupNews · 1y ago
Bengaluru-based VC firm Blume Ventures invests $10M in skilling startup Interview Kickstart
Medial

Bengaluru-based venture capital firm, Blume Ventures, has invested $10 million in Interview Kickstart, an upskilling platform for tech professionals. The investment is the largest maiden cheque by Blume Ventures into a software and AI-focused company. Interview Kickstart provides comprehensive programs in AI, machine learning, data science, and other advanced engineering and product areas. With this funding, Interview Kickstart plans to expand its reach globally, with India being its first test market outside of the US. The investment reflects Blume Ventures' belief in the mission and impact of Interview Kickstart in helping professionals advance their careers.

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