๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

Innovaccer announces Rs 600 Cr ESOP buyback

EntrackrEntrackr ยท 1m 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 Innovaccerโ€™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.

Cashfree Payments announces ESOP buyback for over 400 employees

EntrackrEntrackr ยท 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 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.

Leverage Edu announces second ESOP buyback

EntrackrEntrackr ยท 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 companyโ€™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.

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

EntrackrEntrackr ยท 6d 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 companyโ€™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, โ€œThe 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.โ€ 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.

Agritech startup DeHaat completes its first ESOP buyback

EntrackrEntrackr ยท 1y ago
Agritech startup DeHaat completes its first ESOP buyback
Medial

Full stack agritech platform DeHaat has completed an employee stock ownership plan (ESOP) buyback program worth Rs 10 crore ($1.2 million). This is the first ever ESOP buyback for the Patna and Gurugram-based company. โ€œThe buyback saw 153 team members spread across senior vice president rank to field teams got the opportunity of wealth creation,โ€ said Rishu Garg, who heads the people function at DeHaat. To date, DeHaat has issued ESOPs worth over Rs 100 crore ($12 million) to more than 200 individuals. DeHaat is a marketplace for the agricultural sector which offers distribution of high-quality agrarian inputs, advisory, lending, and market linkages for selling their produce. The company recently roped in Bollywood actor Pankaj Tripathi as its brand endorser and onboarded agri industry veteran Dr. K V Subbarao as its first Independent Advisor. DeHaatโ€™s gross revenue grew 54.2% to Rs 1,965 crore in FY23 from Rs 1,274 crore in FY22. The company said that its revenue from operations increased 40% to Rs 2,700 crore while losses was reduced by 50% in FY24. The firm aims to achieve full year profitability during FY25. Dehaat has raised around $230 million to date and was valued at over $705 million according to startup data intelligence platform TheKredible. Last week, study abroad platform Leverage Edu announced its second ESOP buyback program. In the ongoing calendar year, Urban Company, MyGate, Classplus, Meesho, The Sleep Company, XYXX, and Pocket FM also completed their ESOP buyback scheme.

Download the medial app to read full posts, comements and news.