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Innovaccer announces Rs 600 Cr ESOP buyback

EntrackrEntrackr · 22d ago
Innovaccer announces Rs 600 Cr ESOP buyback
Medial

Innovaccer announces Rs 600 Cr ESOP buyback Healthtech company Innovaccer has completed an ESOP buyback worth Rs 600 crore, around $75 million, providing liquidity to current and former employees holding vested stock options. According to an Inc42 report, an undisclosed number of current and former employees holding restricted stock units benefited from the ESOP buyback. The buyback follows Innovaccer’s $275 million Series F funding round, which included both primary and secondary capital and saw participation from investors such as B Capital, Kaiser Permanente, and Generation Investment Management. Founded in 2014, Innovaccer operates a healthcare data and analytics platform that enables hospitals, health systems, and insurers to unify clinical and operational data. The company has built a strong presence in the US healthcare market and works closely with provider networks and payers. For the fiscal year ended March 2025, Innovaccer reported operating revenue of Rs 387.71 crore and a profit of Rs 36.1 crore. Over the past year, the company led by Abhinav Shashank also acquired two companies, Cured and Pharmacy Quality Solutions, to strengthen its capabilities.

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Cashfree Payments announces ESOP buyback for over 400 employees

EntrackrEntrackr · 15d 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.

Meesho announces its largest ESOP buyback worth Rs 200 Cr

EntrackrEntrackr · 1y ago
Meesho announces its largest ESOP buyback worth Rs 200 Cr
Medial

Meesho has announced the initiation of an employee stock ownership plan (ESOP) buyback program of Rs 200 crore (approximately $25 million), making it the company’s largest ESOP buyback pool to date. This marks the fourth buyback at the horizontal e-commerce unicorn. The company bought back shares worth $1 million in February 2020, $5 million in November 2020 and $5.5 million in October 2021. The new buyback will benefit around 1,700 past as well as present employees across junior-level executives to senior leadership. Meesho provides small businesses, which includes SMBs, MSMEs and individual entrepreneurs, access to millions of customers, selection from over 30 categories, pan-India logistics, payment services and customer support capabilities. The Vidit Aatrey-led company recently announced the launch of Valmo, a full fledged logistics marketplace that allows the network of micro-entrepreneurs to become Meesho logistics partners. In July 2023, Meesho claimed that it was the first horizontal Indian e-commerce company to turn profitable. Since announcing profitability in July 2023, the company continues to remain profitable and cash flow positive. The company also cut its losses in FY23 by 48% but its revenue spiked 77% year-on-year to Rs 5,735 crore in the last fiscal year. Recently, community management app MyGate rolled out employee stock buyback program for more than 50 employees. 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.

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.

Leverage Edu announces second ESOP buyback

EntrackrEntrackr · 1y ago
Leverage Edu announces second ESOP buyback
Medial

Leverage.biz, which runs study abroad platform Leverage Edu, Fly.Finance and Fly Homes, today announced that it has completed its second ESOP buyback exercise. Over 50 employees of the company across functions were able to benefit from this exercise. However, the company did not disclose the amount of the stock buyback. Seven-year-old Leverage Edu provides full-stack services including counseling, application-admission support, and financing to students pursuing international education. It assists students from India, Nigeria and Nepal, among others. The company raised $40 million a mix of debt and equity led by Educational Testing Service (ETS) in July last year. It has raised around $70 million across rounds and was last valued at around $140 million. As per startup data intelligence platform TheKredible, Blume Ventures is the largest external stakeholder in Leverage Edu with 16.9% followed by Tomorrow Capital and DSG Consumers Partners. The company’s revenue from operations spiked 228% to Rs 69 crore in FY23 from Rs 21 crore in FY22 while its losses jumped 70% to Rs 103 crore in FY23 from Rs 47 crore in the previous year. 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, Urban Company, MyGate, Classplus, Meesho, The Sleep Company, XYXX, and Pocket FM also completed their ESOP buyback scheme.

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