Upskilling platform Simplilearn announced its first-ever Employee Stock Option Plan (ESOP) buyback worth Rs. 48.74 crore. The company had offered active employees to liquidate up to 25% of their vested ESOPs as part of this buyback. 65% of the active employees with ESOPs liquidated their options as part of this buyback process. The company also…
Locus, a future-ready platform that automates supply chain decisions, announced that it has designated $4 million for its ESOP buyback. The buyback is at par with the primary of the Series C fundraise. Both current and former employees will be able to vest their stock options. This is the second such buyback by the company,…
Whatfix, a leader in Digital Adoption Solutions (DAS), announced it has implemented an employee stock ownership plan (ESOP) buyback of $4.3 million (Rs.32 crores) for its employees. Valuing the hard work put in by employees through the company’s growth journey, Whatfix is granting them the option to liquidate up to 35% of their vested ESOPs,…