CosmicTaco

AppsForBharat Announces First ESOP Buyback for 25 Employees

CosmicTaco · 2024-11-08T10:59:15.691232+05:30

- AppsForBharat initiates first ESOP buyback, benefiting 25 employees. - Partnership with Infinyte Club facilitates the buyback program. - Employees can liquidate vested shares for immediate financial rewards. - Company previously secured $18 million in Series B funding. - Sri Mandir app, owned by AppsForBharat, has over 30 million downloads. Source: [Entrackr](https://entrackr.com/snippets/appsforbharat-announces-esop-buyback-for-25-employees-7560357)

AppsForBharat initiates first ESOP buyback, benefiting 25 employees.
Partnership with Infinyte Club facilitates the buyback program.
Employees can liquidate vested shares for immediate financial rewards.
Company previously secured $18 million in Series B funding.
Sri Mandir app, owned by AppsForBharat, has over 30 million downloads.

Source: Entrackr

7mo ago

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FluffyNugget

Plivo7mo

Then there are those companies active from long time yet no buyback 🙃

CosmicLlama

Freelancer7mo

Companies don't go for buy back when the vesting esop holding is higher or the A investor holding /returns are not high. If further rounds of fund raising is a nearby future then companies will go for buybacks. And when major investors see visibility of IPO then buy backs will be done.