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Even Healthcare launches first ESOP buyback worth $500K

EntrackrEntrackr ยท 10m 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 โ€œESOP haircut.โ€ This buyback follows Even Healthcareโ€™s $30 million Series A funding round in October last year. โ€œAt 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 Evenโ€™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,โ€ 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.

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

EntrackrEntrackr ยท 5d 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.

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.

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.

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